1. Project Integration Management Flashcards
Project Integration Management
Project integration management is a knowledge area. It is the only knowledge area that has processes occurring in all process groups, throughout the project management cycle. The coordination between the resources, stakeholders, and other project elements which ensures to execute the project end to end successfully is Project Integration Management. It is very important because project success highly depends on integration management in terms of schedule, cost, quality, scope, risks, etc. 1 . Develop Project Charter; 2. Develop Project Management Plan; 3. Direct and Manage Project Work; 4. Manage Project Knowledge; 5. Monitor and Control Project Work; 6. Perform Integrated Change Control; 7. Close Project or Phase.
- Develop Project Charter
The develop project charter process is a document which is prepared in the initiation phase to formally authorize the existence of the project. In this process, the document is prepared and given to the authoritative project manager to use the resources required for the project.
The project charter is a key element which describes the whole project in brief. The project charter generally includes the objective of the project, stakeholders, requirements, high-level assumption and constraints etc.
- Develop Project Management Plan Process
The process of combining all the project plans and sub-plans into a single integrated plan *happens during the planning process group phaseIt is one of the most crucial processes of project management. Project success is dependent on the project management plan. The authoritative head to plan project management is the project manager.
This document is approved and signed by authorized stakeholders.
- Direct and Manage Project Work
In this process, the project work activities are directed and managed while executing (during execution process). This refers to the term “leading and controlling” the assigned project activities. The key outputs of this process are final deliverables and change requests for the project work.
- Manage Project Knowledge
The main objective of this process is to improve the project process using the existing knowledge and creating new knowledge. The knowledge created is used for further processes and future projects. The continuing knowledge gain and utilizing the existing knowledge is the main objective of the project.
- Monitoring and controlling project work
Monitoring and controlling project work refers to the continuous tracking, reviewing and reporting the project progress status to achieve the required target of the project work activities. Happens during monitoring and controlling process group
The performances of each assigned resource are monitored and controlled. The document is prepared regarding the issue and the improvement possible.
- Perform Integrated Change Control process
The perform integrated change control process includes reviewing all the change requests and managing them effectively from all the working department. The document is prepared for approval of any change requests. This happens during the monitoring and controlling prices group phase
The change requests are approved when there is not much impact on scope, time and cost of the project. The change requests can be project deliverables, project plan or project assets.
- Close Project or Phase Process
This process refers to closing the project activities by finalizing all the deliverables of project activities and the documents related to closing the project or phase is prepared by the project manager. In this process, the resources are released to work for other projects.
Project charter
Creating the project charter involves planning the project at a high level to assess whether it is feasible within the given constraints. Detailed planning doesn’t happen until after the charter is signed. It includes:
- Project title and description - what is the project
- PM assigned authority- who is given authority to lead the project and can she/he determine and manage and approve changes to budget, schedule, staffing
- Business case - who is the project being done? On what financial or other basis can we justify doing this project? Describe project purpose and justification
- Resources preassigned- how many of which resources will be provided
- Stakeholders - who will affect our be affected by the project (influence the project) ad know to date
- Stakeholder requirements a known - requirements related to both project and product
- Product description/deliverables - what specific product deliverables are wanted and what will be the end result of the project
- Assumptions - what is believed to be true or reliable in the situation? What do we believe to be the case but do not have proof or data for?
- Constraints a what factors may limit our ability to deliver? What boundaries or parameters will the project have to function within
- Measurable project objectives - how does project tie into org strategic business goals? What project objectives support those goals? The objectives must be measurable and will depend on the defined priority of the President constraints
- Project approval requirements
- High-level project risks - potential threats and opportunities for the project
- Project sponsor authorizing the project
Project selection methods
- benefit measurement methods
- murder board (panel of people who try to shoot down a project)
- peer review
- scoring models
- economic models - Constraints optimization methods ( mathematical approach)
- linear programming
- integer programming
- dynamic programming
- multi-objective programming - Economic models for project selection
- present value
- net present value
- internal rate of return
- payback period
- cost benefit analysis
Constraints
Factors that limit the teams options, such as limits on resources, budget, schedule, scope
Assumptions
Are things that are assumed to be true but that may not be true
Project statement of work SOW
Created by the sponsor and describes their needs. The product scope, and how project fits into the organization or customer strategic plan
Project management plans
Document the strategy for managing the project and the process related to the knowledge area of scope, schedule, cost, quality, human resource, communications, risk, procurement and stakeholder management
Project management process
Processes that will be used on the project based on the needs of the project