4. Project Integration Management Terms

Question 1

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
project assumptions are recorded in this for testing and analysis, and the outcomes are recorded.

Answer 1

Assumption log

Question 2

This is an example of a benefits
comparison model. It examines the
benefit-to-cost ratio.

Answer 2

Benefit/cost ratio (BCR) models

Question 3

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

Answer 3

Change control board (CCB)

Question 4

This communicates the process for controlling
changes to the project deliverables. This system works with the configuration management system and seeks to control and document proposals to change the
project’s product.

Answer 4

Change control system (CCS)

Question 5

All changes that enter into a project are

recorded in here. The characteristics of the change, such as the time, cost, risk, and scope details, are also recorded.

Answer 5

Change log

Question 6

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

Answer 6

Change management plan

Question 7

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.

Answer 7

Closure processes

Question 8

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

Answer 8

Communications management plan

Question 9

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

Answer 9

Configuration identification

Question 10

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.

Answer 10

Configuration management plan

Question 11

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

Answer 11

Configuration management system

Question 12

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

Answer 12

Configuration status accounting

Question 13

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

Answer 13

Configuration verification and auditing

Question 14

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

Answer 14

Contract closure

Question 15

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

Answer 15

Cost baseline

Question 16

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

Answer 16

Cost management plan

Question 17

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

Answer 17

Explicit knowledge

Question 18

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

Answer 18

Future value

Question 19

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

Answer 19

Integrated change control

Question 20

Issues are points of contention where
some question of the project’s direction
needs to be resolved. All identified issues
are documented in the here, along
with an issue owner and a deadline to
resolve the issue. The outcome of the
issue is also recorded.

Answer 20

Issue log

Question 21

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

Answer 21

Mathematical model

Question 22

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.

Answer 22

Milestone

Question 23

This details the 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.

Answer 23

Milestone list

Question 24

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.

Answer 24

Murder boards

Question 25

Evaluates the monies returned on a

project for each period the project lasts.

Answer 25

Net present value

Question 26

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

Answer 26

Payback period

Question 27

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.

Answer 27

Present value

Question 28

This controls how the project will acquire goods and services.

Answer 28

Procurement management plan

Question 29

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

Answer 29

Project charter

Question 30

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.

Answer 30

Project management plan

Question 31

Defines how the project scope will be

planned, managed, and controlled.

Answer 31

Project scope management plan

Question 32

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

Answer 32

Quality baseline

Question 33

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.

Answer 33

Quality management plan

Question 34

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

Answer 34

Regression analysis

Question 35

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

Answer 35

Risk management plan

Question 36

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.

Answer 36

Risk register

Question 37

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

Answer 37

Risk response plan

Question 38

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

Answer 38

Schedule baseline

Question 39

Defines how the project schedule will be created and managed.

Answer 39

Schedule management plan

Question 40

This is a 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 this to show any variances from what was expected and what the project team has created.

Answer 40

Scope baseline

Question 41

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.

Answer 41

Scoring models

Question 42

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

Answer 42

Tacit Knowledge