CAPM Chapter 4 - Project Integration Managment

Question 1

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

Answer 1

Risk response plan

Question 2

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

Answer 2

Communications management plan

Question 3

This 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.

Answer 3

Milestone list

Question 4

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

Answer 4

Payback period

Question 5

Controls how the project will acquire goods and services.

Answer 5

Procurement management plan

Question 5

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.

Answer 5

Issue log

Question 6

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 6

Project management plan

Question 7

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 7

Risk register

Question 7

This system 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 7

Change control system (CCS)

Question 8

Project Integration Management - Initiating

Answer 8

Develop Project Charter

Question 9

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

Answer 9

Cost management plan

Question 10

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

Answer 10

Change log

Question 11

Project Integration Management - Monitoring and Controlling

Answer 11

Monitor and Control Project Work Perform Integrated Change Control

Question 12

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 12

tacit knowledge

Question 13

4.1 Develop Project Charter - Outputs

Answer 13

Project Charter Assumption Log

Question 14

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

Answer 14

Benefit/cost ratio (BCR) models

Question 15

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

Answer 15

Configuration identification

Question 16

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

Answer 16

Configuration management system

Question 17

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.

Answer 17

Project charter

Question 18

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 18

Closure processes

Question 19

Evaluates the monies returned on a project for each period the project lasts.

Answer 19

Net present value

Question 20

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 20

Murder boards

Question 21

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 21

Quality management plan

Question 22

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

Answer 22

Explicit knowledge

Question 23

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

Answer 23

Change management plan

Question 24

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

Answer 24

Contract closure

Question 24

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 24

Mathematical model

Question 25

4.2 Develop Project Management Plan - Outputs

Answer 25

Project Management Plan

Question 26

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 26

Assumption log

Question 27

4.2 Develop Project Management Plan - Tools & Technitques

Answer 27

Expert Judgement Data Gathering Interpersonal and Team Skills Meetings

Question 28

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 28

Milestone

Question 29

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

Answer 29

Quality baseline

Question 30

Project Integration Management - Executing

Answer 30

Direct and Manage Project Work Manage Project Knowledge

Question 31

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

Answer 31

Integrated change control

Question 32

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

Answer 32

Cost baseline

Question 33

Project Integration Management - Closing

Answer 33

Close Project or Phase

Question 34

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 34

Future value

Question 35

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 35

Scoring models

Question 36

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 the scope baseline to show any variances from what was expected and what the project team has created.

Answer 36

Scope baseline

Question 37

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

Answer 37

Project scope management plan

Question 38

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 38

Present value

Question 39

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

Answer 39

Risk management plan

Question 40

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

Answer 40

Configuration status accounting

Question 41

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

Answer 41

Change control board (CCB)

Question 42

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 42

Schedule baseline

Question 42

Defines how the project schedule will be created and managed

Answer 42

Schedule management plan

Question 43

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

Answer 43

Regression analysis

Question 44

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

Answer 44

Configuration verification and auditing

Question 44

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 44

Configuration management plan