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Edited CAPM Exam Prep Seminar - PMBOK 6th Edition > 4 - Project Integration Management > Flashcards

4 - Project Integration Management Flashcards

1
Q

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

A

Risk Response Plan

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2
Q

This plan defines who will get what information, how they will receive it, and in what modality the communication will take place.

A

Communications Management Plan

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3
Q

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 objectives.

A

Milestone List

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4
Q

An estimate to predict how long it will take a project to return the capital investment.

A

Payback Period

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5
Q

Controls how the project will acquire goods and services.

A

Procurement Management Plan

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6
Q

A project document where all problems, gaps, inconsistencies, or conflicts that occur unexpectedly and that requires some action so they do not impact the project performance are recorded and tracked.

A

Issue Log

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7
Q

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.

A

Project Management Plan

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8
Q

Project Integration Management - Initiating Processes

A

Develop Project Charter

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9
Q

This 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.

A

Risk Register

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10
Q

A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled.

A

Change Control System (CCS)

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11
Q

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

A

Cost Management Plan

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12
Q

A comprehensive list of changes submitted during the project and their current status.

A

Change Log

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13
Q

Project Integration Management

Monitoring and Controlling Processes

A
  1. Monitor and Control Project Work
  2. Perform Integrated Change Control
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14
Q

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

A

Tacit Knowledge

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15
Q

Develop Project Charter - Outputs

A
  1. Project Charter
  2. Assumption Log
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16
Q

The basis for which the product configuration is defined and verified, products and documents are labeled, changes are managed, and accountability is maintained.

A

Configuration Items

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17
Q

A collection of procedures used to track project artifacts and monitor and control changes to these artifacts.

A

Configuration Management System

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18
Q

This document authorizes the project. It defines the initial requirements of the project stakeholders. It is endorsed by an entity outside of the project boundaries.

A

Project Charter

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19
Q

The value in the present of a sum of money, in contrast to some future value it will have when it has been invested at compound interest.

A

Net Present Value

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20
Q

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.

A

Murder Boards

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21
Q

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

A

Quality Management Plan

22
Q

Knowledge that can be quickly and easily expressed through conversations, documentation, figures, or numbers, is easily communicated.

A

Explicit Knowledge

23
Q

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

A

Change Management Plan

24
Q

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

A

Contract Closure

25
Q

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

A

Mathematical Model

26
Q

Develop Project Management Plan - Outputs

A

Project Management Plan

27
Q

Something that is believed to be true or false, but it has not yet been proven to be true or false. Those that prove wrong can become risks for the project.

A

Assumptions

28
Q

Develop Project Management Plan

Tools & Techniques

A
  1. Expert Judgement
  2. Data Gathering
  3. Interpersonal and Team Skills
  4. Meetings
29
Q

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

A

Milestone

30
Q

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

A

Quality Baseline

31
Q

Integration Management - Executing Processes

A
  1. Direct and Manage Project Work
  2. Manage Project Knowledge
32
Q

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

A

Integrated Change Control

33
Q

Develop Project Charter - Inputs

A
  1. Business Documents
  2. Agreements
  3. Enterprise Environmental Factors
  4. Organizational Process Assets
34
Q

This is the aggregated costs of all of the work packages within the work breakdown structure (WBS).

A

Cost Baseline

35
Q

Project Integration Management - Closing Processes

A

Close Project or Phase

36
Q

A benefit comparison model to determine the value of an asset at a specific date. It measures the nominal future sum of money that a given sum of money is “worth” at a specified time in the future assuming a certain interest rate, or more generally, rate of return.

The formula to calculate future value is FV = PV(1 + I)n, where PV is present value, I is the given interest rate, and n is the number of periods.

A

Future Value

37
Q

Develop Project Management Plan - Inputs

A
  1. Project Charter
  2. Outputs from Other Processes
  3. Enterprise Environmental Factors
  4. Organizational process assets
38
Q

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

A

Scoring Models

39
Q

This is a combination of three project documents:

  1. The project scope statement
  2. The work breakdown structure (WBS), and
  3. The WBS dictionary.
A

Scope Baseline

40
Q

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

A

Scope Management Plan

41
Q

A benefit comparison model to determine the present value of a future amount of money.

The formula to calculate present value is PV = FV ÷ (1 + I)n, where FV is future value, I is the given interest rate, and n is the number of periods.

A

Present Value

42
Q

A component of the project management plan that describes how risk management activities will be structured and performed. May include:

  • Risk Strategy
  • Methodology
  • Roles & Responsibilities
  • Funding
  • Timing
  • Risk Categories
A

Risk Management Plan

43
Q

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

A

Change Control Board (CCB)

44
Q

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

A

Schedule Baseline

45
Q

A mathematical model to examine the relationship among project variables, like cost, time, labor, and other project metrics.

A

Regression Analysis

46
Q

Defines how the project schedule will be created and managed.

A

Schedule Management Plan

47
Q

Project Integration Management - Planning Processes

A
  1. Develop Project Management Plan
48
Q

Develop Project Charter - Tools and Techniques

A
  1. Expert Judgement
  2. Data Gathering
  3. Interpersonal and Team Skills
  4. Meetings
49
Q

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

A

Configuration Management Plan

50
Q

Ensures that the composition of a project’s configuration items is correct and that corresponding changes are registered, assessed, approved, tracked, and correctly implemented. This ensures that the functional requirements defined in the configuration documentation are met.

A

Configuration Verification and Audit

Edited CAPM Exam Prep Seminar - PMBOK 6th Edition (22 decks)

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