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):

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.


Benefit/cost ratio (BCR) model

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


Change control board (CCB)

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


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


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


Change management plan

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


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


Communications management plan

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


Configuration identification

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


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


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


Configuration status accounting

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


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


Contract closure

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


Cost baseline

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


Cost management plan

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


Enterprise environmental factors

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


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


Human resource plan

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


Integrated change control

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


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


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



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


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


Murder boards

committees that ask every conceivable negative question about the proposed project


Net present value

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


Organizational process assets

anything that an organization has to help a current project succeed


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


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


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


Procurement management plan

controls how the project will acquire goods and services


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


Project management plan

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


Project scope management plan

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


Project statement of work (SOW)

document defines all the products and services the project will provide


Quality baseline

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


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


Regression analysis

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


Risk management plan

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


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


Risk response plan

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


Schedule baseline

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


Schedule management plan

defines how the project schedule will be created and managed


Scope baseline

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


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