Section 9 Implementing Project Integration Management

Question 1

Tailoring Project Life Cycles

Answer 1

Construction has unique phases
IT projects have unique phases etc

All dependent on the industry and nature of the project

Question 2

Tailoring Development Life Cycle

Answer 2

Adaptive/Iterative

Question 3

What is an Adaptive Environment?

Answer 3

Adaptive Environments are where team members are the experts and determine how plans and components should integrate.

Question 4

Team members are Key and control is delegated to the project team in what environment?

Answer 4

Adaptive Environments

Question 5

Project Managers has a servant leadership approach, & build collaborative decision-making environments in what environment?

Answer 5

Adaptive Environments

Question 6

Team Members are usually generalists, rather than specialists in what environment

Answer 6

Adaptive Environments

Question 7

What are the ITTOs to Create a Project Charter?

Answer 7

Inputs, Tools, & Techniques, Outputs

Question 8

What inputs go in to a Project Charter?

Answer 8

Business Case
Benefits Management Plan
Agreements
EEF
OPA

Question 9

What Tools & Techniques go in to a Project Charter?

Answer 9

Data Gathering (brainstorming, focus groups, interviews etc)
Expert judgement
Meetings

Question 10

What Outputs do you get from a Project Charter?

Answer 10

Assumption Log & Project Charter

Question 11

What authorizes the project and project manager, appropriates power, & possibly involves the portfolio steering committee?

Answer 11

Project Charter

Question 12

Can there be multiple charters in one Project?

Answer 12

Yes

Question 13

Market demand
Organizational need
Customer Request
Legal Requirement
Ecological Impacts
Social Need

These are examples of?

Answer 13

Business Cases

Question 14

The higher the priority, the ____ the tolerance for risk

Answer 14

lower

Question 15

Where does Expert Judgement come from for Charters?

Answer 15

Anyone that can contribute, typically stakeholders, consultants, Industry groups.

Helpful for risk identification, estimating, technical knowledge, benefits management and organizational strategy.

Question 16

What are the 2 parts of brainstorming for data gathering/charters?

Answer 16

Idea generation & Analysis

Question 17

What are focus groups for data gathering/Charters?

Answer 17

Bring stakeholders and subject matter experts
Learn about project risk, success critiera, and other topics
Conversational way

Question 18

Interviews

Answer 18

Talk about requirements, goals and assumptions from stakeholders

Question 19

Project Purpose
Measurable Project Objectives
High-Level Requirements
Overall Project Risk
Summary milestone Schedule
Preapproved financial resources

Key Stakeholders
Approval Requirements
Exit criteria - close or cancel
Assigned Project Manager
Sponsor

There are a part of developing the________

Answer 19

Project Charter

Question 20

Opportunities
Problems
Customer Request

These are examples of considerations when _____ a Project

Answer 20

Choosing

Question 21

What is a murder board?

Answer 21

A murder board is when you bring a project to executives and they ask questions about the risk and benefits and can kill the project before starting

Question 22

What are scoring models?

Answer 22

Scoring models are graph charts with different project categories that are compared before choosing a project

Question 23

What is the future value of money Formula?

Answer 23

FV=PV(1+i)n
PV = Present value
i is the interest rate, 0.12 0.06 etc + 1
n is the number of years

For a calculator, do (1+0.interest)x N

Question 24

What is the present value of money formula?

Answer 24

PV=FV/(1+I)n

Question 25

What is the Net Present Value?

Answer 25

NPV is the true value of a project Calculate the return for each time period Calculate each time period's **present value** Sum the present value Subtract the investment NPV greater than zero is good

Question 26

Internal Rate of Return

Answer 26

IRR with higher values are good IRR with lower values might be poor Greater than zero is a decent project selection

Question 27

What is on an Assumption Log?

Answer 27

Assumptions and constraints, updated throughout the project. Believed to be true, but not proven. Constraints are things that must be done.

Question 28

What is a Project Management Plan

Answer 28

Establishes a baseline plan for the project, after baseline change control is required to update the plan.

Question 29

What are kick off meetings?

Answer 29

Kick off meetings signal we are done with planning, and ready for execution. After project plan is approved Communicates what we plan to do and explain stakeholder roles and responsibilities

Question 30

What are the Project Management Plans?

Answer 30

``` Plan Scope Plan Requirements Plan Schedule Plan Cost Plan Quality management Plan Resource Management Plan Communications (how risk management activities will be structured and performed) Plan Risk Plan Procurement Plan Stakeholder management ```

Question 31

What are the 3 Baselines for a Project?

Answer 31

Scope Schedule Cost

Question 32

What are the 3 actions of Execution?

Answer 32

Corrective Preventative Defect Repair - modifies nonconformance to project requirements

Question 33

What are deliverables?

Answer 33

Anything the project creates

Question 34

The control of multiple versions of a deliverable is supported by _______ ________

Answer 34

Configuration Management

Question 35

Issue logs

Answer 35

Track issues, who raised the issue, issue date, issue owner for resolution, outcome

Question 36

Whats the difference between Explicit & Tacit knowledge?

Answer 36

Explicit is knowledge that can be quickly and easily expressed through conversation/documents/figures/numbers Tacit knowledge is knowledge that is hard to express, personal beliefs, values, knowledge gain from experience etc.

Question 37

What activities are involved in monitoring and controlling?

Answer 37

Comparing actual project performance against project management plan Maintaining accurate, timely information concerning the product Checking the status of individual project risks

Question 38

What activities are involved in monitoring and controlling?

Answer 38

Comparing actual project performance against project management plan Maintaining accurate, timely information concerning the product Checking the status of individual project risks

Question 39

Alternative Analysis?

Answer 39

Corrective and preventative actions to fix problems and prevent problems

Question 40

Cost-Benefit Analysis

Answer 40

Cost of proposed corrective actions and consideration of the benefits the actions will create

Question 41

Earned Value Analysis

Answer 41

Earned value is a suite of formulas to show project performance

Question 42

Variance anaylsis

Answer 42

Difference of what was planned vs what was experienced in the projects

Question 43

Integrated Change Control

Answer 43

How changes get done, and how they are approved

Question 44

Who is responsible for Integrated Change Control

Answer 44

PM, and happens through the project

Question 45

Configuration Control

Answer 45

Specification the deliverables and the processes Features and functions How the project work is completed

Question 46

Configuration Status Accounting

Answer 46

Documentation of the product information

Question 47

Configuration verification and auditing

Answer 47

Concerned with performance and functional attributes of the product

Question 48

Autocratic means

Answer 48

One person decides a vote

Question 49

Administrative colsures

Answer 49

Closing project accounts Reassigning personnel Reallocating project facilities, equipment, and other resources

Question 50

What are some closing activities?

Answer 50

``` Archive project information Finalize project or phase records Audit Project for success or failure Manage knowledge sharing and transfer Creating the final project report (summary, scope objectives, reasons for any variances) ```