Capítulo: 4. PROJECT INTEGRATION MANAGEMENT Flashcards
What is the process of integration
management?
Develop Project Charter
Develop Project Management Plan
Direct and Manage Project Work
Manage Project Knowledge
Monitor and Control Project Work
Perform Integrated Change Control
Close Project or Phase
What is the Develop Project Charter
process?
Creating the project charter, which
involves planning the project at a high
level to assess whether it is feasible
within the given constraints
What are the outputs of the Develop Project Charter
process?
Project charter
Assumption log
What is the Develop Project
Management Plan process?
The process of creating a project
management plan that is bought into,
approved, realistic, and formal
What is the output of the Develop Project
Management Plan process?
Output: Project management plan
What are the key outputs of the Direct
and Manage Project Work process?
Issue log
Deliverables
Work performance data
Change requests
Updates to the project management plan
and project documents
Updates to organizational process assets
What are the key outputs of the Close
Project or Phase process?
A project manager must get formal
acceptance of the project and its
deliverables, issue a final report that
shows the project has been successful,
issue the final lessons learned, and index
and archive all the project records
What are the key outputs of the Monitor
and Control Project Work process?
What are the key outputs of the Close
Project or Phase process?
Explain the project managers role as an
integrator.
Pulling all of the pieces of the project
into a cohesive whole that gets the
project done faster, cheaper, and with
fewer resources, while meeting project
objectives
What are the two major categories of
project selection methods?
Benefit measurement methods
(comparative)
Constrained optimization methods
(mathematical)
What are the economic measures for
selecting a project?
Return on investment
Present value
Net present value
Internal rate of return
Payback period
Cost-benefit analysis
What concept is concerned with whether
the project returns to the company more
value than the initiative costs?
Economic value added (EVA)
Define Opportunity cost
Opportunity cost: The opportunity given
up by selecting one project over another
(i.e., the value of the project not selected)
Define Sunk costs
Sunk costs should not be considered
when deciding whether to continue with
a troubled project
Define Business case
The justification for a project or initiative
Explains why the project was selected,
how it fits into the organizations
strategic goals, and how it will bring
business value to the organization
What is the purpose of a benefits
management plan?
To capture the organization’s desired
benefits from a project, whether
economic or intangible, and how those
benefits will be maximized and sustained
What are constraints?
What are assumptions?
Constraints: Factors that limit the teams
options, such as limits on resources,
budget, schedule, and scope
Assumptions: Things that are assumed to
be true but that may not be true
What are baselines?
What three elements make up the
performance measurement baseline?
The parts of the project management
plan that are used to compare the
projects actual performance against
planned performance
Schedule baseline
Scope baseline
Cost baseline
What is a change management plan?
The change management plan describes
how changes will be managed and
controlled
