All-In-One Chapter 4 - Project Integration Management Flashcards
Assumption log
an assumption is something that is believed to be true or false, but it has not yet been proved to be true or false.
Benefit/cost ratio (BCR) model
an example of a benefits comparison model. it examines the benefit-to-cost ratio
Change control board (CCB)
a committee that evaluates the worthiness of a proposed change and either approves or rejects the proposed change
Change control system (CCS)
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
Change log
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
Change management plan
details the project procedures for entertaining change requests: how change requests are managed, documented, approved or declined
Closure processes
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
Communications management plan
defines who will get what information, how they will receive it, and in what modality the communication will take place
Configuration identification
includes the labeling of the components, how changes are made to the product, and the accountability of the changes
Configuration management plan
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
Configuration management 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
Configuration status accounting
the organization of the product materials, details and prior product documentation
Configuration verification and auditing
the scope verification and completeness auditing of project or phase deliverables to ensure that they are in alignment with the project plan
Contract closure
the formal verification of the contract completeness by the vendor and the performing organization
Cost baseline
the aggregated costs of all of the work packages within the WBS
Cost management plan
details how the project costs will be planned for, estimated, budgeted, and then monitored and controlled
Enterprise environmental factors
the culture, structure, standards, regulations, organizational logistics, and other organizational characteristics that influence how a project operates
Future value
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
Human resource plan
defines how project team members will be brought onto the project team, managed, and released from the projec team
Integrated change control
a process to consider and control the impact of a proposed change on the project’s knowledge areas
Issue log
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
Mathematical model
a project selection method to determine the likelihood of success. These models include linear programming, nonlinear programming, dynamic programming, integer programming, and multiobjective programming
Milestone
significant points or events in the project’s progress that represent accomplishments in the project
Milestone list
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
Murder boards
committees that ask every conceivable negative question about the proposed project
Net present value
evaluates the monies returned on a project for each period the project lasts
Organizational process assets
anything that an organization has to help a current project succeed
Payback period
an estimate to predict how long it will take a project to pay back an organization for the project’s investment of capital
Process Improvement Plan
aims to estimate non-value-added activity, eliminate waste, and determine how the project work, execution, and management can be made better
Present value
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
Procurement management plan
controls how the project will acquire goods and services
Project charter
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
Project management plan
documented approach of how a project will be planned, executed, monitored and controlled, and then closed
Project scope management plan
defines how the project scope will be planned, managed and controlled
Project statement of work (SOW)
document defines all the products and services the project will provide
Quality baseline
documents the quality objectives for the project, including the metrics for stakeholder acceptance of the project deliverable
Quality management 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
Regression analysis
a mathematical model to examine the relationship among project variables like cost, time, labor, and other project metics
Risk management plan
risk is an uncertain event or condition that may affect the project outcome
Risk register
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
Risk response plan
defines the risk responses that are to be used in the project for both positive and negative risks
Schedule baseline
the planned start and finish of the project. the comparison of what was planned and what was experienced is the schedule variance
Schedule management plan
defines how the project schedule will be created and managed
Scope baseline
a combination of three project documents: the project scope statement, the work breakdown structure, and the WBS dictionary
Staffing management plan
a component of the human resource management plan. it specifically addresses how the human resource requirements will be met in the project
