CHAPTER 4: MANAGING PROJECT INTEGRATION

Question 1

ASSUMPTIONS LOG

Answer 1

Assumption believed to be true or false but not yet proven
Need to be recorded analysed, tested and outcome to be recorded in al

Question 2

BENEFIT COST RATIO BCR MODEL

Answer 2

Benefits comparison model

Question 3

CHANGE CONTROL BORD CCB

Answer 3

Committe that evaluates worthiness of proposed changes and approves or rejects them

Question 4

CHANGE CONTROL SYSTEM CCS

Answer 4

System that communicates the process for controlling changes to the deliverables. Works with configuration management system. And seeks to control and document proposals to change the projects product

Question 5

CHANGE LOG

Answer 5

Log that records all changes to the product, characteristics like schedule, cost and scope as well

Question 6

CHANGE MANAGEMENT PLAN

Answer 6

Plan of procedures for change requests. Management, docu, approval , decline

Question 7

CLOSURE PROCESS

Answer 7

Close phase or project. Final process group. Conracts are closed and documents are archived

Question 8

COMMUNICATION MANAGEMENT PLAN

Answer 8

Defines who will get what information, how they receive it, and modality/method

Question 9

CONFIGURATION IDENTIFICATION

Answer 9

Labeling of components, how changes are made to the product, accountability for change

Question 10

CONFIGURATION MANAGEMENT PLAN

Answer 10

System that defines how SH are allowed to submit change requests, conditions for approval, how approved changes are validated in the project scope. Documents the characteristics, functions of the projects product and any changes to the characteristics

Question 11

CONFIGURATION STATUS ACCOUNTING

Answer 11

Organization of product material, details and prior product documentation

Question 12

CONFIGURATION VERIFICATION AND AUDITING

Answer 12

Scope verification and completeness auditing of project or phase deliverables to ensure they are aligned with the project plan

Question 13

CONTRACT CLOSURE

Answer 13

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

Question 14

COST BASELINE

Answer 14

Aggregated costs of all of the work packages within the work breakdown structure (WBS)

Question 15

COST MANAGEMENT PLAN

Answer 15

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

Question 16

EXPLICIT KNOWLEDGE

Answer 16

Easy to communicate through conversations, documentation, figures or numbers

Question 17

EXPLICIT KNOWLEDGE

Answer 17

Easy to communicate through conversations, documentation, figures or numbers

Question 18

FUTURE VALUE

Answer 18

Benefit comparison model to determine future value of money.
FV = PV*(1+I)^n
I = Interest
n= number of periods
Pv = present value

Question 19

INTEGRATED CHANGE CONTROL

Answer 19

Process to consider and control impact of proposed change to the knowledge areas

Question 20

ISSUE LOG

Answer 20

All issues are documented in the issue log, together with issue owner, deadline to resolve the issue and outcome to the issue.

Question 21

MATHEMATICAL MODEL

Answer 21

Project selection method to determine likelihood of success
Incl. Linear programming, non linear programming, dynamic programming, integer programming, multi objective programming

Question 22

MILESTONES

Answer 22

Significant points or events in the projects progress that represent accomplishment in the project. Usually created as result of completing phases in the project

Question 23

MILESTONE LIST

Answer 23

List that details project milestones and attributes. Helps determining hiw quickly project is achieving its objectives

Question 24

MURDER BOARDS

Answer 24

Committee that asks every conceivable question about the project. Goal to expose projects strengths and weaknesses. Kill the project deemed unworthy of the organization’s commitment
Also project steering or selection companies

Question 25

NET PRESENT VALUE

Answer 25

Evaluates monies returned on a project for each period it lasts

Question 26

PAYBACK PERIOD

Answer 26

Estimate how long it will take a project to pay back the capital invested in the project

Question 27

PRESENT VALUE

Answer 27

Benefit comparison model Determine present value of a future amount of money. PV=FV÷(1+I)^n

Question 28

PROCUREMENT MANAGEMENT PLAN

Answer 28

A plan that controls how the project will aquire goods and services

Question 29

PROJECT CHARTER

Answer 29

Document that authorizes the project. Defines initial requirements to stakeholders. Endorsed by an entity outside of project boundaries.

Question 30

PROJECT MANAGEMENT PLAN

Answer 30

Documented approach of how the project will be planned, executed, monitored and controlled and then closed. Collectionnof subsidiary management plans and related documents.

Question 31

PROJECT SCOPE MANAGEMENT PLAN

Answer 31

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

Question 32

QUALITY BASELINE

Answer 32

Documents quality objectives including metrics of acceptance of SH for project deliverables

Question 33

QUALITY MANAGEMENT PLAN

Answer 33

Defines what quality means for the project. Hiw the project will achieve quality. How the project will map to organizational procedures pertaining to quality

Question 34

REGRESSION ANALYSIS

Answer 34

Mathematical model to examine the relationship among project variables cost, time, labor and other metrics

Question 35

RISK MANAGEMENT PLAN

Answer 35

Risk is uncertain event or condition that may affect the project outcome. Risk management plan defines how the project will manage risk

Question 36

RISK REGISTER

Answer 36

Centralized database consisting of the outcome of all risk management process, e.g outcome of risk identification, qualitative analysis and quantities analysis.

Question 37

RISK RESPONSE PLAN

Answer 37

Subsidiary plan that defines the risk response in the project for both positive and negative risks

Question 38

SCHEDULE BASE LINE

Answer 38

Planned start and finish dates of the project. Schedule variance is the difference between what was planned and what has been accomplished.

Question 39

SCHEDULE MANAGEMENT PLAN

Answer 39

Defined how the project schedule will be created and managed

Question 40

SCOPE BASELINE

Answer 40

Combination of 3 project documents: 1. Project statement 2. Work breakdown structure (WBS) 3. WBS dictionary Deliverables will be measured against the scope baseline

Question 41

SCORING MODELS

Answer 41

Models that use common set of values for all of the projects up for selection. For example profitability, complexity etc.

Question 42

TACIT KNOWLEDGE

Answer 42

Knowledge that's more difficult to express because it's about personal beliefs, values, knowledge gain from experience and "know-how" when doing a task