Chapter 10: Monitoring and Controlling Change

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PMP Study Guide

• Chapter 10 Monitoring and Controlling Change

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Chapter 10 Monitoring and Controlling Change

• Managing Integrated Change Control
• Managing Cost Changes
• Monitoring and Controlling Schedule Changes
• Monitoring and Controlling Risk

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Managing Integrated Change Control

• How change occurs
• Change control concerns
• Change control techniques
• Integrated Change Control outputs

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Change Control Concerns

• Influencing the factors that cause change and
  reaching agreement on change requests
• Determining a change is needed or has happened
• Managing approved changes
• Updating requirements that impact project plan
• Documenting requested changes and their impacts

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Integrated Change Control

• Configuration management
• Change control system
• Configuration control board

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Chapter 10 Monitoring and Controlling Change

• Managing Integrated Change Control
• Managing Cost Changes
• Monitoring and Controlling Schedule Changes
• Monitoring and Controlling Risk

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Managing Cost ChangesPerformance Measurement
Analysis

• Earned value technique
• Planned Value (PV) Budgeted Cost of Work
  Scheduled (BCWS)
• Actual Cost (AC) Actual Cost of Work Performed
  (ACWP)
• Earned Value (EV) Budgeted Cost of Work
  Performed (BCWP)

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Earned Value
Figure 10.1
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Earned Value Formulas

• Cost Variance(CV) EV AC
• Schedule Variance(SV) EV PV
• Performance Indexes
• Cost Performance Index (CPI ) EV AC
• Cumulative CPIC EVC ACC
• Schedule Performance Index (SPI) EV PV
• Cumulative SPIC EVC PVC

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Earned Value Formulas (cont.)

• Estimate to Completion (ETC)
• ETC (BAC EVC ) CPIC
• ETC BAC EVC
• Estimate at Completion
• EAC ACC ETC
• EAC ACC ((BAC EV) CPIC)
• EAC ACC BAC EV
• Variance at Completion
• VAC BAC EAC

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Chapter 10 Monitoring and Controlling Change

• Managing Integrated Change Control
• Managing Cost Changes
• Monitoring and Controlling Schedule Changes
• Monitoring and Controlling Risk

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Monitoring and Controlling Schedule Changes

• Schedule control involves determining status of
  project schedule, if changes have occurred or
  should occur, and influencing and managing
  schedule changes

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Monitoring and Controlling Schedule ChangesTools
and Techniques

• Progress reporting
• Schedule change control system
• Performance measurement
• Variance analysis
• Project management software
• Schedule comparison charts

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Chapter 10 Monitoring and Controlling Change

• Managing Integrated Change Control
• Managing Cost Changes
• Monitoring and Controlling Schedule Changes
• Monitoring and Controlling Risk

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Monitoring and Controlling Risk

• Risk Monitoring and Control tools and techniques
• Risk reassessment
• Risk audits
• Variance and trend analysis
• Technical performance measurement
• Reserve analysis
• Status meetings

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Monitoring and Controlling Risk

• Risk Monitoring and Control outputs
• Risk register updates
• Requested changes
• Recommended corrective actions
• Recommended preventive actions
• Organizational process asset updates
• Project management plan updates