Chapter 10: Monitoring and Controlling Change PMP Study Guide Chapter 10: Monitoring and Controlling Change

Chapter 10 Monitoring and Controlling Change Managing Integrated Change Control Managing Cost Changes Monitoring and Controlling Schedule Changes Monitoring and Controlling Risk

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

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

Integrated Change Control Configuration management Change control system Configuration control board

Chapter 10 Monitoring and Controlling Change Managing Integrated Change Control Managing Cost Changes Monitoring and Controlling Schedule Changes Monitoring and Controlling Risk

Managing Cost Changes Performance 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)

Earned Value Figure 10.1

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

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

Chapter 10 Monitoring and Controlling Change Managing Integrated Change Control Managing Cost Changes Monitoring and Controlling Schedule Changes Monitoring and Controlling Risk

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

Monitoring and Controlling Schedule Changes Tools and Techniques Progress reporting Schedule change control system Performance measurement Variance analysis Project management software Schedule comparison charts

Chapter 10 Monitoring and Controlling Change Managing Integrated Change Control Managing Cost Changes Monitoring and Controlling Schedule Changes Monitoring and Controlling Risk

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

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