# Monthly Archives: August 2015

## CompTIA Project+ Exam Tips

I’m studying for the CompTIA Project+ exam. If you have experience working on projects, a lot of materials is going to sound like common sense. But mixed in with the common sense, you’ll need to memorize some terms, lists, and formulas. Below are a few tips that I found helpful while I was studying.

**9 PMBOK Knowledge Areas **

Remember this phrase: “**I** **s**aw **t**wo **c**ows **q**uietly **h**aving **c**offee and **r**eading **p**oetry”.

*Credit: Matthew Sorvaag*

**I**ntegrated

**S**cope

**T**ime

**C**ost

**Q**uality

**H**uman Resources

**C**ommunications

**R**isk

**P**rocurement

**Project Charter vs. Scope Statement**

Rather than memorizing the list of items that are included in the project charter and scope statement, memorize the items that both have in common: **assumptions / constraints**, **objectives**, and **deliverables**. Then memorize the items that are unique to the project charter and scope statement.

Project Charter |
Scope Statement |

Assumptions / Constraints
Problem Statment Project Approach Risk Milestones Cost Estimates Stakeholders |
Assumptions / Constraints
Boundaries Acceptance Criteria Priorities Ownership |

**Forumlas**

There are a few formulas to memorize for the exam. While watching CompTIA Project+ videos on CBT Nuggets, I heard some good tips for memorizing cost and schedule formulas.

**Tips**

- The variance and indicator formulas all begin with EV.
- The
**variance**formulas are**subtraction**. - The
**index**formulas are**division**. - The cost formulas end with AC.
- The schedule formulas end with PV.

Cost Variance (CV) = EV – AC

Schedule Variance (SV) = EV – PV

Cost Performance Index (CPI) = EV / AC

Schedule Performance Index (SPI) = EV / PV