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Achieve PMP Exam Success, 5th Edition by Janice Preston, Diane Altwies

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CHAPTER 7    COST

COST MANAGEMENT

Cost management questions on the PMP exam do not require you to be a math whiz. The questions address cost management from a project manager’s perspective, which is much more general. However, these questions are NOT easy.

This section addresses a broad range of cost issues such as financial projections, cost estimating and budgeting, earned value, creating and interpreting S-curves, and forecasting. This is probably the section people spend the most time studying.

In addition, work performance information, earned value analysis, and communications are integrated into questions on cost. Formulas for figuring costs are fairly simple, but you must know them. You must also understand and be able to evaluate performance ...

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