Chapter 4 (Project Integration Management) Flashcards
Assumption log
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.
Benefit/cost ratio models
Example of a benefits comparison model. Examines the benefit to cost ratio.
Change control board
Committee that evaluates the worthiness of a proposed change and either approves or rejects it.
Change control system
Communicates the process for controlling changes to the project deliverables.
Change log
Location where all changes are recorded. Contains things like time, cost, risk, and scope details.
Change management plan
Procedures for how changes will be managed.
Closure processes
Final process group of the project. Project documentation is archived and project contacts are closed.
Communications management plan
Defines who will get what info, how they will get it, and what mode of communication will take place.
Configuration identification
Labeling of the components, how changes are made to the project, accountability of the changes.
Configuration management plan
Input to the control scope process. Defines how changes to the scope may enter the project.
Configuration management system
Defines how change requests can be submitted, conditions for approving a change, and how changes are validated in the project scope.
Configuration status accounting
Organization of product materials, details, and prior product documentation. Rev control and achieving.
Configuration verification and auditing
Scope verification and completeness auditing of deliverables to ensure they align with the project plan.
Contract closure
Formal verification of the contract completeness by the vendor and the project team.
Cost baseline
Aggregated costs of all of the work packages within the work breakdown structure.
Cost management plan
Plan that details how the project costs will be planned for, estimated, budgeted, and then monitored and controlled.
Explicit knowlede
Knowledge that can be quickly and easily expressed through conversations, documentation, figures, or numbers, is easily communicated.
Future value
Benefit comparison model to determine a future value of money. FV=PV(1+i)^n
Integrated change control
A process to consider and control the impact of a proposed change on the project’s knowledge areas.
Issues log
Issues are things that need to be resolved. Issues log is where they are IDed, with an owner, deadline to resolve, and outcome.
Mathematical model
Project selection method to determine the likelihood of success.
- linear programming
- nonlinear programming
- dynamic programming
- integer programming
- multi-objective programming
Milestone
Significant points or events in the project’s progress that represent accomplishment in the project.
Milestone list
Details project milestones and their attributes. Used for project planning and to determine how quickly the project may be achieving its objectives.
Murder boards
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.
Net present value
Evaluates the money returned for each period of a project.
Payback period
Estimate of how ling it will take a project to pay back the capital invested.
Present value
Determines the present value of a future amount of money.
PV=FV/(1+i)^n
Procurement management plan
Controls how the project will acquire goods and services.
Project charter
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.
Project management plan
Documented approach of how a project will be planned, executed, monitored and controlled, then closed.
Project scope management plan
Defines how the project scope will be planned, managed, and controlled.
Quality baseline
Documents the quality objectives for the project, including metrics for acceptance.
Quality management plan
What quality means for the project.
How the project will achieve quality.
How the project will map to organizational procedure pertaining to quality.
Regression analysis
Model to examine the relationship among project variables like cost, time, labor, and other project metrics.
Risk management plan
Risk is an uncertain event or condition that may affect the project outcome. The risk management plan defines how the project will manage risks.
Risk register
Central database consisting of the outcome of all the other risk management processes such as risk identification, qualitative analysis, and quantitative analysis.
Risk response plan
Defines the risk responses that are the be used in the project for both positive and negative risks.
Schedule baseline
Planned start and finish of the project. Comparison of what was planned and what was experience is the schedule variance.
Schedule management plan
Defines how the schedule will be created and managed.
Scope baseline
The scope statement, work breakdown structure, and WBS dictionary. Deliverables will be measured against the scope baseline to ID variances.
Scoring models
Used to compare potential projects.
Tacit knowledge
Knowledge that is more difficult to express because it’s gained from experience.
