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CAPM > CHAPTER 4: MANAGING PROJECT INTEGRATION > Flashcards

CHAPTER 4: MANAGING PROJECT INTEGRATION Flashcards

1
Q

ASSUMPTIONS LOG

A

Assumption believed to be true or false but not yet proven
Need to be recorded analysed, tested and outcome to be recorded in al

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2
Q

BENEFIT COST RATIO BCR MODEL

A

Benefits comparison model

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3
Q

CHANGE CONTROL BORD CCB

A

Committe that evaluates worthiness of proposed changes and approves or rejects them

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4
Q

CHANGE CONTROL SYSTEM CCS

A

System that communicates the process for controlling changes to the deliverables. Works with configuration management system. And seeks to control and document proposals to change the projects product

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5
Q

CHANGE LOG

A

Log that records all changes to the product, characteristics like schedule, cost and scope as well

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6
Q

CHANGE MANAGEMENT PLAN

A

Plan of procedures for change requests. Management, docu, approval , decline

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7
Q

CLOSURE PROCESS

A

Close phase or project. Final process group. Conracts are closed and documents are archived

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8
Q

COMMUNICATION MANAGEMENT PLAN

A

Defines who will get what information, how they receive it, and modality/method

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9
Q

CONFIGURATION IDENTIFICATION

A

Labeling of components, how changes are made to the product, accountability for change

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10
Q

CONFIGURATION MANAGEMENT PLAN

A

System that defines how SH are allowed to submit change requests, conditions for approval, how approved changes are validated in the project scope. Documents the characteristics, functions of the projects product and any changes to the characteristics

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11
Q

CONFIGURATION STATUS ACCOUNTING

A

Organization of product material, details and prior product documentation

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12
Q

CONFIGURATION VERIFICATION AND AUDITING

A

Scope verification and completeness auditing of project or phase deliverables to ensure they are aligned with the project plan

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13
Q

CONTRACT CLOSURE

A

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

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14
Q

COST BASELINE

A

Aggregated costs of all of the work packages within the work breakdown structure (WBS)

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15
Q

COST MANAGEMENT PLAN

A

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

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16
Q

EXPLICIT KNOWLEDGE

A

Easy to communicate through conversations, documentation, figures or numbers

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17
Q

EXPLICIT KNOWLEDGE

A

Easy to communicate through conversations, documentation, figures or numbers

18
Q

FUTURE VALUE

A

Benefit comparison model to determine future value of money.
FV = PV*(1+I)^n
I = Interest
n= number of periods
Pv = present value

19
Q

INTEGRATED CHANGE CONTROL

A

Process to consider and control impact of proposed change to the knowledge areas

20
Q

ISSUE LOG

A

All issues are documented in the issue log, together with issue owner, deadline to resolve the issue and outcome to the issue.

21
Q

MATHEMATICAL MODEL

A

Project selection method to determine likelihood of success
Incl. Linear programming, non linear programming, dynamic programming, integer programming, multi objective programming

22
Q

MILESTONES

A

Significant points or events in the projects progress that represent accomplishment in the project. Usually created as result of completing phases in the project

23
Q

MILESTONE LIST

A

List that details project milestones and attributes. Helps determining hiw quickly project is achieving its objectives

24
Q

MURDER BOARDS

A

Committee that asks every conceivable question about the project. Goal to expose projects strengths and weaknesses. Kill the project deemed unworthy of the organization’s commitment
Also project steering or selection companies

25
Q

NET PRESENT VALUE

A

Evaluates monies returned on a project for each period it lasts

26
Q

PAYBACK PERIOD

A

Estimate how long it will take a project to pay back the capital invested in the project

27
Q

PRESENT VALUE

A

Benefit comparison model
Determine present value of a future amount of money. PV=FV÷(1+I)^n

28
Q

PROCUREMENT MANAGEMENT PLAN

A

A plan that controls how the project will aquire goods and services

29
Q

PROJECT CHARTER

A

Document that authorizes the project. Defines initial requirements to stakeholders. Endorsed by an entity outside of project boundaries.

30
Q

PROJECT MANAGEMENT PLAN

A

Documented approach of how the project will be planned, executed, monitored and controlled and then closed. Collectionnof subsidiary management plans and related documents.

31
Q

PROJECT SCOPE MANAGEMENT PLAN

A

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

32
Q

QUALITY BASELINE

A

Documents quality objectives including metrics of acceptance of SH for project deliverables

33
Q

QUALITY MANAGEMENT PLAN

A

Defines what quality means for the project. Hiw the project will achieve quality. How the project will map to organizational procedures pertaining to quality

34
Q

REGRESSION ANALYSIS

A

Mathematical model to examine the relationship among project variables cost, time, labor and other metrics

35
Q

RISK MANAGEMENT PLAN

A

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

36
Q

RISK REGISTER

A

Centralized database consisting of the outcome of all risk management process, e.g outcome of risk identification, qualitative analysis and quantities analysis.

37
Q

RISK RESPONSE PLAN

A

Subsidiary plan that defines the risk response in the project for both positive and negative risks

38
Q

SCHEDULE BASE LINE

A

Planned start and finish dates of the project. Schedule variance is the difference between what was planned and what has been accomplished.

39
Q

SCHEDULE MANAGEMENT PLAN

A

Defined how the project schedule will be created and managed

40
Q

SCOPE BASELINE

A

Combination of 3 project documents:
1. Project statement
2. Work breakdown structure (WBS)
3. WBS dictionary
Deliverables will be measured against the scope baseline

41
Q

SCORING MODELS

A

Models that use common set of values for all of the projects up for selection. For example profitability, complexity etc.

42
Q

TACIT KNOWLEDGE

A

Knowledge that’s more difficult to express because it’s about personal beliefs, values, knowledge gain from experience and “know-how” when doing a task

CAPM (4 decks)

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