Chapter 5: Integration Management

Question 1

The knowledge area that incorporates and summarizes all of the work the project manager will need to do in order to successfully complete each phase of a project.

Answer 1

Integration Management

Question 2

The process of developing a document that formally authorizes the project or phase and documents initial requirements to satisfy the stakeholders.

Answer 2

Develop Project Charter

Question 3

This input consists of documents that contain specific information as to why the project should be initiated.

Answer 3

Business Documents

Question 4

An input that states why a business should do a particular project.

Answer 4

Business Case

Question 5

The ratio of benefit to cost, sometimes used to select one project over another.

Answer 5

Benefit-Cost Ratio

Question 6

A method of project selection that looks at the return of a project as an interest rate.

Answer 6

Internal Rate of Return (IRR)

Question 7

An economic term that represents the value of what you choose not to do in order to do something else.

Answer 7

Opportunity Cost

Question 8

How long it takes to return the investment capital in the project.

Answer 8

Payback Period

Question 9

The net value of a company over time equal to profits after tax minus the average cost of capital.

Answer 9

Economic Value Add (EVA)

Question 10

The percentage that shows how much money you will get back on a project.

Answer 10

Return on Investment (ROI)

Question 11

A plan used to describe the main benefits that the project will produce once it’s completed.

Answer 11

Project Benefits Management Plan

Question 12

The document that officially authorizes the project to get started.

Answer 12

Project Charter

Question 13

A log of all the assumptions and constraints that are identified throughout the project,

Answer 13

Assumption Log

Question 14

The process of creating the plan that includes all of the subsidiary plans and baselines.

Answer 14

Develop Project Management Plan

Question 15

A meeting that is usually held when the planning is complete and the team comes together to execute the project.

Answer 15

Project Kick-Off Meeting

Question 16

A formal document that is used to describe how the project will be executed, monitored and controlled , and closed.

Answer 16

Project Management Plan

Question 17

The baseline used to check the performance of a project as it is being executed.

Answer 17

Performance Measurement Baseline

Question 18

Outlines what type of lifecycle a project will be following.

Answer 18

Project lifecycle description.

Question 19

A document that will outline how the product will be developed.

Answer 19

Development Approach

Question 20

The process of performing the work defined in the project management plan to create the deliverables.

Answer 20

Direct and Manage Project Work

Question 21

The process that ensures that knowledge gained before, during and after the project is used for the organization’s benefit.

Answer 21

Manage Project Knowledge

Question 22

Knowledge with a tangible form such as documents, procedures or manuals.

Answer 22

Explicit Knowledge

Question 23

Knowledge that is understood or implied without being stated.

“Know How”

Answer 23

Tacit Knowledge

Question 24

The sharing of generally tacit knowledge between stakeholders.

Answer 24

Knowledge Management

Question 25

Ensuring that information is available to stakeholders when needed.

Answer 25

Information Management

Question 26

The list of lessons learned while the project is being execute.

Answer 26

Lessons Learned Register

Question 27

The process of tracking, reviewing, and reporting the progress of project work.

Answer 27

Monitor and Control Project Work

Question 28

Reports on the status of the project

Answer 28

Work performance reports

Question 29

The process of reviewing all the change requests and approving or rejecting them.

Answer 29

Perform Integrated Change Control

Question 30

Used to review, evaluate, approve or reject changes.

Answer 30

Change Control Board (CCB)

Question 31

Records the status of the changes throughout the project.

Answer 31

Change Log

Question 32

The process of formalizing all the activities and overall project management process groups to formally complete the project, phase or contract.

Answer 32

Close Project or Phase

Question 33

What should the PM do if a project is terminated before completion?

Answer 33

Follow closing procedures

Question 34

Documents used to bid on a project.

Answer 34

Procurement Documents