All-In-One Chapter 4 - Project Integration Management Flashcards Preview

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Flashcards in All-In-One Chapter 4 - Project Integration Management Deck (45):
1

Assumption log

an assumption is something that is believed to be true or false, but it has not yet been proved to be true or false.

2

Benefit/cost ratio (BCR) model

an example of a benefits comparison model. it examines the benefit-to-cost ratio

3

Change control board (CCB)

a committee that evaluates the worthiness of a proposed change and either approves or rejects the proposed change

4

Change control system (CCS)

communicates the process for controlling changes to the project deliverables. This system works with the configuration management system and seeks to control and document proposals to change the project's product

5

Change log

all changes that enter into a project are recorded in the change log. the characteristics of the change, such as the time, cost, risk and scope details, are also recorded

6

Change management plan

details the project procedures for entertaining change requests: how change requests are managed, documented, approved or declined

7

Closure processes

this final process group of the project management life cycle is responsible for closing the project phase or project. This is where project documentation is archived and project contracts are also closed

8

Communications management plan

defines who will get what information, how they will receive it, and in what modality the communication will take place

9

Configuration identification

includes the labeling of the components, how changes are made to the product, and the accountability of the changes

10

Configuration management plan

this plan is an input to the control scope process. It defines how changes to the features and functions of the project deliverable, the product scope, may enter the project

11

Configuration management system

defines how stakeholders are allowed to submit change requests, the conditions for approving a change request, and how approved change requests are validated in the project scope

12

Configuration status accounting

the organization of the product materials, details and prior product documentation

13

Configuration verification and auditing

the scope verification and completeness auditing of project or phase deliverables to ensure that they are in alignment with the project plan

14

Contract closure

the formal verification of the contract completeness by the vendor and the performing organization

15

Cost baseline

the aggregated costs of all of the work packages within the WBS

16

Cost management plan

details how the project costs will be planned for, estimated, budgeted, and then monitored and controlled

17

Enterprise environmental factors

the culture, structure, standards, regulations, organizational logistics, and other organizational characteristics that influence how a project operates

18

Future value

a benefit comparison model to determine a future value of money. the formula to calculate future value is FV = PV(1 + I)n, where PV is present value, I is the given interest rate, and n is the number of periods

19

Human resource plan

defines how project team members will be brought onto the project team, managed, and released from the projec team

20

Integrated change control

a process to consider and control the impact of a proposed change on the project's knowledge areas

21

Issue log

issues are points of contention where some question of the project's direction needs to be resolved. All identified issues are documented in the issue log, along with an issue owner, and a deadline to resolve the issue. The outcome of the issue is also recorded

22

Mathematical model

a project selection method to determine the likelihood of success. These models include linear programming, nonlinear programming, dynamic programming, integer programming, and multiobjective programming

23

Milestone

significant points or events in the project's progress that represent accomplishments in the project

24

Milestone list

details the project milestones and their attributes. It is used for several areas of project planning, but also helps determine how quickly the project may be achieving its objectives

25

Murder boards

committees that ask every conceivable negative question about the proposed project

26

Net present value

evaluates the monies returned on a project for each period the project lasts

27

Organizational process assets

anything that an organization has to help a current project succeed

28

Payback period

an estimate to predict how long it will take a project to pay back an organization for the project's investment of capital

29

Process Improvement Plan

aims to estimate non-value-added activity, eliminate waste, and determine how the project work, execution, and management can be made better

30

Present value

a benefit comparison model to determine the present value of a future amount of money. the formula to calculate present value is: PV = FV / (1 + I) n

31

Procurement management plan

controls how the project will acquire goods and services

32

Project charter

document that authorizes the project. it defines the initial requirements of the project stakeholders. the project charter is endorsed by an entity outside of the project boundaries

33

Project management plan

documented approach of how a project will be planned, executed, monitored and controlled, and then closed

34

Project scope management plan

defines how the project scope will be planned, managed and controlled

35

Project statement of work (SOW)

document defines all the products and services the project will provide

36

Quality baseline

documents the quality objectives for the project, including the metrics for stakeholder acceptance of the project deliverable

37

Quality management plan

defines what quality means for the project, how the project will achieve quality, and how the project will map to organizational procedures pertaining to quality

38

Regression analysis

a mathematical model to examine the relationship among project variables like cost, time, labor, and other project metics

39

Risk management plan

risk is an uncertain event or condition that may affect the project outcome

40

Risk register

a centralized database consisting of the outcome of all the other risk management processes, such as the outcome of risk identification, qualitative analysis, and quantitative analysis

41

Risk response plan

defines the risk responses that are to be used in the project for both positive and negative risks

42

Schedule baseline

the planned start and finish of the project. the comparison of what was planned and what was experienced is the schedule variance

43

Schedule management plan

defines how the project schedule will be created and managed

44

Scope baseline

a combination of three project documents: the project scope statement, the work breakdown structure, and the WBS dictionary

45

Staffing management plan

a component of the human resource management plan. it specifically addresses how the human resource requirements will be met in the project