Chapter 4 (Project Integration Management)

Question 1

Assumption log

Answer 1

Something that is believed to be true or false but has not been proven.
False assumptions are a risk.
Log is a location where assumptions are IDed for testing and analysis with outcomes recorded.

Question 2

Benefit/cost ratio models

Answer 2

Example of a benefits comparison model. Examines the benefit to cost ratio.

Question 3

Change control board

Answer 3

Committee that evaluates the worthiness of a proposed change and either approves or rejects it.

Question 4

Change control system

Answer 4

Communicates the process for controlling changes to the project deliverables.

Question 5

Change log

Answer 5

Location where all changes are recorded. Contains things like time, cost, risk, and scope details.

Question 6

Change management plan

Answer 6

Procedures for how changes will be managed.

Question 7

Closure processes

Answer 7

Final process group of the project. Project documentation is archived and project contacts are closed.

Question 8

Communications management plan

Answer 8

Defines who will get what info, how they will get it, and what mode of communication will take place.

Question 9

Configuration identification

Answer 9

Labeling of the components, how changes are made to the project, accountability of the changes.

Question 10

Configuration management plan

Answer 10

Input to the control scope process. Defines how changes to the scope may enter the project.

Question 11

Configuration management system

Answer 11

Defines how change requests can be submitted, conditions for approving a change, and how changes are validated in the project scope.

Question 12

Configuration status accounting

Answer 12

Organization of product materials, details, and prior product documentation. Rev control and achieving.

Question 13

Configuration verification and auditing

Answer 13

Scope verification and completeness auditing of deliverables to ensure they align with the project plan.

Question 14

Contract closure

Answer 14

Formal verification of the contract completeness by the vendor and the project team.

Question 15

Cost baseline

Answer 15

Aggregated costs of all of the work packages within the work breakdown structure.

Question 16

Cost management plan

Answer 16

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

Question 17

Explicit knowlede

Answer 17

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

Question 18

Future value

Answer 18

Benefit comparison model to determine a future value of money. FV=PV(1+i)^n

Question 19

Integrated change control

Answer 19

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

Question 20

Issues log

Answer 20

Issues are things that need to be resolved. Issues log is where they are IDed, with an owner, deadline to resolve, and outcome.

Question 21

Mathematical model

Answer 21

Project selection method to determine the likelihood of success.

• linear programming
• nonlinear programming
• dynamic programming
• integer programming
• multi-objective programming

Question 22

Milestone

Answer 22

Significant points or events in the project’s progress that represent accomplishment in the project.

Question 23

Milestone list

Answer 23

Details project milestones and their attributes. Used for project planning and to determine how quickly the project may be achieving its objectives.

Question 24

Murder boards

Answer 24

Committee that asks negative questions about a proposed project. Goal is to expose a project’s strengths and weaknesses. Kill the project if it’s unworthy.

Question 25

Net present value

Answer 25

Evaluates the money returned for each period of a project.

Question 26

Payback period

Answer 26

Estimate of how ling it will take a project to pay back the capital invested.

Question 27

Present value

Answer 27

Determines the present value of a future amount of money.

PV=FV/(1+i)^n

Question 28

Procurement management plan

Answer 28

Controls how the project will acquire goods and services.

Question 29

Project charter

Answer 29

Authorizes the project.
Defines the initial requirements of the project.
Endorsed by an entity outside of the project team.
Usually done at the beginning but can be done multiple times.

Question 30

Project management plan

Answer 30

Documented approach of how a project will be planned, executed, monitored and controlled, then closed.

Question 31

Project scope management plan

Answer 31

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

Question 32

Quality baseline

Answer 32

Documents the quality objectives for the project, including metrics for acceptance.

Question 33

Quality management plan

Answer 33

What quality means for the project.
How the project will achieve quality.
How the project will map to organizational procedure pertaining to quality.

Question 34

Regression analysis

Answer 34

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

Question 35

Risk management plan

Answer 35

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

Question 36

Risk register

Answer 36

Central database consisting of the outcome of all the other risk management processes such as risk identification, qualitative analysis, and quantitative analysis.

Question 37

Risk response plan

Answer 37

Defines the risk responses that are the be used in the project for both positive and negative risks.

Question 38

Schedule baseline

Answer 38

Planned start and finish of the project. Comparison of what was planned and what was experience is the schedule variance.

Question 39

Schedule management plan

Answer 39

Defines how the schedule will be created and managed.

Question 40

Scope baseline

Answer 40

The scope statement, work breakdown structure, and WBS dictionary. Deliverables will be measured against the scope baseline to ID variances.

Question 41

Scoring models

Answer 41

Used to compare potential projects.

Question 42

Tacit knowledge

Answer 42

Knowledge that is more difficult to express because it’s gained from experience.