10. Integration Management (Knowledge Area 1) Flashcards
BCR
(benefit cost ratio) compares the gains to the cost of a project; Any number higher than 1 is good, the higher BCR would return the company more money.
tacit knowledge
beliefs, insights, and experiences
CCB
(change control board) group that helps the project manager to assess and deny or approve changes; the project team may only help assess the change
A company has a few projects it would like to get done, but due to budget constraints, the company can only choose one project. Project A has a BCR of 1.5 and Project B has a BCR of 2.5.
Which project should the company choose?
Project B because the higher BCR would return the company more money
What are the two parts of the business documents?
the business case and the benefits mgmt plan
The CEO of a small business has requested that the company’s accounting software be upgraded to better support their financial records. He has requested that the software include a report that can forecast the following month’s expenses.
Where would be the best place the CEO can outline why this project needs to get done?
business documents > business case = explain why the project would need to get done
Project manager Mike worked with the sponsor, Chris, to get the project charter approved for the new office reorganizing project. While reviewing the requirements, both Mike and Chris are sure that there is no need to upgrade the office’s current wireless network.
Where is the best place for Mike and Chis to store this information?
assumption log = used to track all assumptions made throughout the project
While working on creating a project management plan, the project manager has brought a group of expert programmers and a planner to ensure it is created correctly.
What tool best describes this approach?
Tool: focus group (part of data gathering)
When a project has been executed, what input would best help the project manager determined how to manage changes to the project?
change management plan (contained in project management plan)
Company XYZ has been executing a new business development project for the last 4 months. A few stakeholders have requested changes to the scope and have gotten them approved.
When a change is approved, what is the next best step to conduct on a project?
Execute the approved change request in the ….
A change control board has informed the project manager that a change request made by stakeholder Mark to reduce the project schedule by 2 weeks was rejected.
What is the first step the project manager should take?
Update the change log to reflect the status of the change.
The deliverable for the product improvement project has been accepted by the sponsor.
What should the project manager do next?
Move to the close project or phase process.
In that process the project manager will discuss the lessons learned and release or reassign the project team. A project manager should never leave a project without formally closing it.
Project team member Josh has learned a new method to program the financial application by reading a book about functions in applications.
What kind of knowledge is this?
explicit knowledge = gained from words, pictures, and numbers, such as reading books.
While executing a project, the project manager has learned that an IT vendor will delay the delivery of the server needed to implement the phone system. This problem will need to be resolved soon.
What should the PM do first?
Update the issue log
From there, the PM can get a change request to either change the vendor or add more time to the project. Once a change request has been approved, then the PM can update the project management plan.
The project team is currently working on the office move project, and they have completed moving one of the floors to the other building.
While the work is progressing, what document would be best for the project manager to update?
work performance data = describes what is haappening to the deliverable as it is being done