Crowe Integration

Question 1

Integration Management

Answer 1

Knowledge area with 6 processes that takes a high-level view of the project from start to finish.
Processes:
1. Develop Project Charter (Initiating)
2. Develop Project Management Plan (Planning)
3. Direct & Manage Project Execution (Executing)
4. Monitor & Control Project Work (Monitoring & Controlling)
5. Perform Integrated Change Control (Monitoring & Controlling)
6. Close Project or Phase (Closing)

Question 2

Develop Project Charter

Answer 2

This initiating process within integration management creates an “official” project through the development of the project charter.

Key Inputs
• Project Statement of Work (SOW)
• Business Case

Key Tools
• (none)

Key Outputs
• Project Charter

Question 3

Develop Project Management Plan

Answer 3

This planning process of integration management forms the project management plan (the single approved document that will guide the project’s execution and control).

Key Inputs
• (none)

Key Tools
• (none)

Key Outputs
• Project Management Plan

Question 4

Direct & Manage Project Execution

Answer 4

Executing process of integration management where the team is performing the work and creating project deliverables.

Key Inputs
• Project Management Plan

Key Tools
• (none)

Key Outputs
• Deliverables
• Work Performance
• Information

Question 5

Monitor & Control Work

Answer 5

Monitoring and controlling process of integration management that considers the work being performed to ensure that deliverables, and the way in which they are produced, are in line with the plan.

Key Inputs
• Performance Reports

Key Tools
• (none)

Key Outputs
• (none)

Question 6

Perform Integrated Change Control

Answer 6

Monitoring and controlling process of integration management that focuses on the change requests from all areas of the project. This process acts as the clearing house for all change requests to determine potential impacts on the project and decide to either approve or reject each change request.

Key Inputs
• (none)

Key Tools
• Change Control Meetings

Key Outputs
• (none)

Question 7

Close Project or Phase

Answer 7

This closing process of integration management ensures that a project or phase is properly shut sown. Activities include archiving project documents, capturing lessons learned, ensuring that related contracts are closed correctly, and updating organizational process assets for future use.

Key Inputs
• (none)

Key Tools
• (none)

Key Outputs
• Transition of final Product, Service, or Result

Question 8

Project Charter

Answer 8

• Created in Develop Project Charter process of integration
• Explains the need addressed by the project
• Signed by the performing organization’s senior management
• Names the project manager
• Gives authority to the project manager
• Includes high-level project requirements
• Includes high-level schedule and summary budget
• Does not include detailed project plans—these are developed later

Question 9

Reasons to Initiate a Project

Answer 9

• Market Demand
• Business need
• Customer Request
• Technological advance
• Legal requirement
• Ecological impact
• Social need

Question 10

Project Selection Methods

Answer 10

In these cases, "bigger is better"
• BCR - Benefit Cost Ratio
• EVA - Economic Value Added
• IRR - Internal Rate of Return
• PV - Present Value
• NPV - Net Present Value
• ROI - Return on Investment
• ROIC - Return on Invested Capital

In these cases, “smaller is better”
• Opportunity Cost
• Payback Period

Question 11

Project Management Plan

Answer 11

A formal, approved document that defines how the project is managed, executed, and controlled. It may be summary or detailed and may be composed of one or more subsidiary management plans and other planning documents.

Question 12

15 Components of the Project Management Plan

Answer 12

1. Scope Baseline
2. Schedule Baseline
3. Cost Performance Baseline
4. Scope Management Plan
5. Schedule Management Plan
6. Cost Management Plan
7. Configuration Management Plan
8. Change Management Plan
9. Requirements Management Plan
10. Quality Management Plan
11. Process Improvement Plan
12. Human Resource Plan
13. Communications Management Plan
14. Risk Management Plan
15. Procurement Management Plan

Question 13

Deliverables

Answer 13

Any product, service, or result that must be produced in order to complete a process, phase, or project

Question 14

Change Control Meetings

Answer 14

The tool of Perform Integrated Change Control represents meetings held by a change control board to determine the disposition of change requests.

Roles, responsibilities, and authority of the change control board must be clearly defined and agreed upon by key stakeholders.

The board considers all change requests and either approves or rejects each one.

Question 15

Project Statement of Work (SOW)

Answer 15

The written description of the project’s product, service, or result.

In most cases, the SOW will be provided by the customer, however, if the customer is internal, the sponsor of the project should supply the SOW.

The SOW references three things:

1. Business need
2. Product scope description
3. Strategic plan

Question 16

Business Case

Answer 16

The document that explains why this project is being undertaken, the problem it will solve, revenue it will generate, or another justification.