Chapter 4 - Integration Management Flashcards
The process of reviewing all change requests; approving changes and managing changes to deliverables, organizational process assets, project documents, and the project management plan; and communicating the decisions.
PERFORM INTEGRATED CHANGE CONTROL
Any previous investment that was made in a prior project or phase. These previous investments are irrelevant to a cost-benefit analysis because the only relevant question is whether an additional investment will generate profits.
SUNK COST
A comprehensive list of alterations made during the project. This typically includes dates of the adjustments and impacts in terms of time, cost, and risk.
CHANGE LOG
A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled.
CHANGE CONTROL SYSTEM
The evaluation of whether or not a product, service, or result complies with a regulation, requirement, specification, or imposed condition.
VERIFICATION
A formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project and for recording and communicating such decisions.
CHANGE CONTROL BOARD (CCB)
An intentional activity to modify a nonconforming product or product component.
DEFECT REPAIR
The process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
DEVELOP PROJECT CHARTER
An intentional activity that realigns the performance of the project work with the project management plan.
CORRECTIVE ACTION
A documented economic feasibility study used to establish validity of the benefits of a selected component lacking sufficient definition and that is used as a basis for the authorization of further project management activities.
BUSINESS CASE
The resources that an organization commits to a project and can’t simultaneously commit to other projects or business opportunities. Opportunity cost answers the question, “What alternative uses could this money, personnel, and/or equipment be put to?”
OPPORTUNITY COST
The process of leading and performing the work defined in the project management plan and implementing approved changes to achieve the project’s objectives.
DIRECT AND MANAGE PROJECT WORK
The process of using existing knowledge and creating new knowledge to achieve the project’s objectives and contribute to organizational learning.
MANAGE PROJECT KNOWLEDGE
A project document used to record knowledge gained during a project so that it can be used in the current project and entered into a central repository.
LESSONS LEARNED REGISTER
An intentional activity that ensures the future performance of the project work is aligned with the project management plan.
PREVENTATIVE ACTION