All-In-One Chapter 4 - Project Integration Management

Question 1

Assumption log

Answer 1

an assumption is something that is believed to be true or false, but it has not yet been proved to be true or false.

Question 2

Benefit/cost ratio (BCR) model

Answer 2

an example of a benefits comparison model. it examines the benefit-to-cost ratio

Question 3

Change control board (CCB)

Answer 3

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

Question 4

Change control system (CCS)

Answer 4

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

Question 5

Change log

Answer 5

all changes that enter into a project are recorded in the change log. the characteristics of the change, such as the time, cost, risk and scope details, are also recorded

Question 6

Change management plan

Answer 6

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

Question 7

Closure processes

Answer 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

Question 8

Communications management plan

Answer 8

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

Question 9

Configuration identification

Answer 9

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

Question 10

Configuration management plan

Answer 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

Question 11

Configuration management system

Answer 11

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

Question 12

Configuration status accounting

Answer 12

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

Question 13

Configuration verification and auditing

Answer 13

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

Question 14

Contract closure

Answer 14

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

Question 15

Cost baseline

Answer 15

the aggregated costs of all of the work packages within the WBS

Question 16

Cost management plan

Answer 16

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

Question 17

Enterprise environmental factors

Answer 17

the culture, structure, standards, regulations, organizational logistics, and other organizational characteristics that influence how a project operates

Question 18

Future value

Answer 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

Question 19

Human resource plan

Answer 19

defines how project team members will be brought onto the project team, managed, and released from the projec team

Question 20

Integrated change control

Answer 20

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

Question 21

Issue log

Answer 21

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

Question 22

Mathematical model

Answer 22

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

Question 23

Milestone

Answer 23

significant points or events in the project’s progress that represent accomplishments in the project

Question 24

Milestone list

Answer 24

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

Question 25

Murder boards

Answer 25

committees that ask every conceivable negative question about the proposed project

Question 26

Net present value

Answer 26

evaluates the monies returned on a project for each period the project lasts

Question 27

Organizational process assets

Answer 27

anything that an organization has to help a current project succeed

Question 28

Payback period

Answer 28

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

Question 29

Process Improvement Plan

Answer 29

aims to estimate non-value-added activity, eliminate waste, and determine how the project work, execution, and management can be made better

Question 30

Present value

Answer 30

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

Question 31

Procurement management plan

Answer 31

controls how the project will acquire goods and services

Question 32

Project charter

Answer 32

document that authorizes the project. it defines the initial requirements of the project stakeholders. the project charter is endorsed by an entity outside of the project boundaries

Question 33

Project management plan

Answer 33

documented approach of how a project will be planned, executed, monitored and controlled, and then closed

Question 34

Project scope management plan

Answer 34

defines how the project scope will be planned, managed and controlled

Question 35

Project statement of work (SOW)

Answer 35

document defines all the products and services the project will provide

Question 36

Quality baseline

Answer 36

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

Question 37

Quality management plan

Answer 37

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

Question 38

Regression analysis

Answer 38

a mathematical model to examine the relationship among project variables like cost, time, labor, and other project metics

Question 39

Risk management plan

Answer 39

risk is an uncertain event or condition that may affect the project outcome

Question 40

Risk register

Answer 40

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

Question 41

Risk response plan

Answer 41

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

Question 42

Schedule baseline

Answer 42

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

Question 43

Schedule management plan

Answer 43

defines how the project schedule will be created and managed

Question 44

Scope baseline

Answer 44

a combination of three project documents: the project scope statement, the work breakdown structure, and the WBS dictionary

Question 45

Staffing management plan

Answer 45

a component of the human resource management plan. it specifically addresses how the human resource requirements will be met in the project