Chapter 4: Project Integration Management

Question 1

ITTOS

Answer 1

Input
Tools
Techniques
Output

Question 2

Future Value of Money

Answer 2

A benefit comparison model to determine a future value of money. The formula to calculate the future value

FV = PV*(1+i)^n
FV = Future Value
PV = Present Value
i = Given interest Rate
n = Number of time periods

Question 3

Present Value of Money

Answer 3

A benefits comparison model to determine the present value of a future amount of money. The formula to calculate the present value is

PV = FV/(1+i)^n
PV = Present Value
FV = Future Value
i = Given Interest Rate
n = Number of time periods

Question 4

Scope Creep/ Project Poison

Answer 4

They are the tiny, undocumented changes that sneak into the project.

Question 5

Assumption Log

Answer 5

An assumption is something that is believed to be true or false, but it has not yet been proven to be true or false. Assumptions that prove wrong can become risks for the project. All identified assumptions are recorded in the assumption log for testing and analysis, and the outcomes are recorded.

Question 6

Project Integration Management Processes

Answer 6

Initiating: Develop Project Charter
Planning: Develop Project Management Plan
Executing: 
1) Direct and Manage Project Work
2) Manage Project Knowledge
Monitoring and Controlling:
1) Monitor and Control Project Work
2) Perform Integrated Change Control
Closing: Close Project or Phase

Question 7

Develop Project Charter

Answer 7

It is a process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.

Question 8

Develop Project Management Plan

Answer 8

It is the process of defining, preparing and coordinating all plan components and consolidating them into an integrated project management plan

Question 9

Direct and Manage Project Work

Answer 9

It is the process of leading and performing the work defined in the project management plan and implementing approved changes to achieve the project’s objectives.

Question 10

Manage Project Knowledge

Answer 10

It is the process of using existing knowledge and creating new knowledge to achieve the project’s objectives and contribute to organizational learning.

Question 11

Monitor and Control Project Work

Answer 11

It is the process of tracking, reviewing and reporting the overall progress to meet the performance objectives defined in the project management plan

Question 12

Perform Integrated Change Control

Answer 12

It is the process of reviewing all change requests; approving changes and managing changes to deliverables, project documents, and the project management plan; and communicating the decisions.

Question 13

Close a Project or Phase

Answer 13

It is the process of finalizing all activities for the project, phase or contract.

Question 14

Change Control Board

Answer 14

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

Question 15

Change Control System

Answer 15

The change control system communicates the process of controlling changes to the project deliverables. This system works with the configuration management system and seeks to control and document proposals to change the projects documents.

Question 16

Change Log

Answer 16

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

Question 17

Change Management Plan

Answer 17

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

Question 18

Closure Processes

Answer 18

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.

Question 19

Communications Management Plan

Answer 19

This plan defines who will get what information, how they will receive it and in what modality communication will be taking place

Question 20

Configuration Identification

Answer 20

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

Question 21

Configuration Management Plan

Answer 21

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

Question 22

Configuration Management System

Answer 22

This 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 management also documents the characteristics and function of the project’s products and any changes to a product’s characteristics.

Question 23

Configuration Status Accounting

Answer 23

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

Question 24

Configuration Verification and Auditing

Answer 24

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

Question 25

Contract Closure

Answer 25

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

Question 26

Cost Baseline

Answer 26

This is the aggregated cost of all the work packages within the work breakdown structure.

Question 27

Cost Management Plan

Answer 27

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

Question 28

Explicit Knowledge

Answer 28

Knowledge that can be easily expressed through conversation, documentation, figures, or numbers is easily communicated.

Question 29

Integrated Change Control

Answer 29

A process to consider and control the impact of a proposed change on the project’s knowledge area

Question 30

Issue Log

Answer 30

Issues are points of contention where some questions of the project’s direction need 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

Question 31

Mathematical Model

Answer 31

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

Question 32

Milestones

Answer 32

Milestones are significant points or events in the project’s progress that represent accomplishment in the project. Projects usually create milestones as a result of completing phases within the project.

Question 33

Milestones list

Answer 33

This list details 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 goals.

Question 34

Murder Board

Answer 34

These are committees that ask every conceivable negative question about the proposed project. Their goals are to expose the project’s strengths and weaknesses and to kill the project if it’s deemed unworthy for the organization to commit to. Also known as project steering committees or project selection committees

Question 35

Net Present Value

Answer 35

Evaluates the monies returned on a project for each period the projects’ last

Question 36

Payback Period

Answer 36

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

Question 37

Project Charter

Answer 37

This document 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.

Question 38

Project Management Plan

Answer 38

The documented approach of how a project will be planned, executed, monitored and controlled, and then closed. This document is a collection of subsidiary management plans and related documents.

Question 39

Project Scope Management Plan

Answer 39

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

Question 40

Quality Baseline

Answer 40

Documents the quality objectives of the project, including the metrics for stakeholder acceptance for project deliverables

Question 41

Quality Management Plan

Answer 41

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

Question 42

Regression Analysis

Answer 42

A mathematical model to examine the relationships among project variables, like cost, time, labour and other project metrics

Question 43

Risk Management Plan

Answer 43

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

Question 44

Risk Register

Answer 44

The risk register is 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

Question 45

Risk Responses Plan

Answer 45

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

Question 46

Schedule Baseline

Answer 46

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

Question 47

Schedule Management Plan

Answer 47

Defines how the project schedule will be defined and managed

Question 48

Scope Baseline

Answer 48

The scope baseline is the combination of three project documents: the project scope statement, the work breakdown structure and the WBS dictionary. The creation of the project deliverable will be measured against the scope baseline to show any variances from what was expected and what the project team has created.

Question 49

Scoring Model

Answer 49

These models use a common set of values for all projects up for selection. For example, profitability, complexity, customer demand and so on

Question 50

Tacit Knowledge

Answer 50

Knowledge that’s more difficult to express because its personal beliefs, values, knowledge gained from experience and “know-how” when doing a task