Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

PMBOK 4.0 > Integration > Flashcards

Integration Flashcards

1
Q

What is the process of integration management?

A 
Develop Project Charter
Develop Project Management Plan
Direct and Manage Project Execution
Monitor and Control Project Work
Preform Integrated Change Control 
Close Project or Phase
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What are the methods to select a project?

A 
Benefit measurment (comparative)
Constrained Optimization (mathematical)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the Develop Project Management Plan Process? What is its output?

A

the process of creating a project management plan that is bought into, approved, realistic, and formal. Output: the project management plan?

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is included in a project management plan?

A 
Project management processess for the project
Management plans for knowledge areas
Scope, schedule, and cost baselines
Requirements management plan
Change management plan
Configuration management plan
Process improvement plan
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What are project documents?

A

Any docs used to manage a project that are NOT part of the project management plan. They include:

Project charter
Statement of work
Contracts
Stakeholder register
Requirments documentation
Activity lists
Quality metrics
Risk register
Issue Log
Change Log
any other such docs...
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are the key outputs of the Direct and manage Project Execution process?

A

Deliverables
Work perfomance info
change requests
Updates to the PM management plan and project docs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What are the key outputs of the Monitor and Control Project Work process?

A

Change requests

Updatesd to the PM management plan and project docs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What are the key outputs of the Perform Integrated Change control process?

A

Change requests status updates

Updates to the project management plan and project docs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What are the key outputs of the Close Project or Phase process?

A

Final Product
formal acceptance
OPA updates

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Explain the PM’s role as an integrator.

A

Making sure all the pieces of the project are properly coordinated and put together into once cohesive whole.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is a project charter? How does it help the project?

A

A doc issued by the sponsor during project initiating that:
Formally recognizes the existence of the project
Gives the PM authority
Documents the business need, customer requirements and the product or service to satisfy those needs.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is a business case?

A

The project purpose and justification

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is a kickoff meeting? When does it occur?

A

A meeting of all parties to the project (stakeholders, including sellers) to make sure everyone is “on the same page.”

It is held at the end of the planning process group.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What are baselines?

A

Parts of the PM management plan used to measure performance against:
Schedule baseline
Scope baseline
Cost baseline

These baselines are combined to create the performance measurment baseline. Baselines can change with approved changes.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What is the project statement of work?

A

Describes need, project scope, and how the project fits into the strategic plan.

Created by the customer/sponsor prior to the beginning of the project.

Later refined in the project scope statement.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What is a work authorization system?

A

The PM’s system for authorizing the start of work packages or activities. It ensures work is done at the right time and in the proper order.

17
Q

What is the configuration management plan?

A

A plan to make sure everyone knows what version of the scope, schedule, and other componants of the project management plan are the latest versions.

It defines how you will manage changes to the deliverables and the resulting docs.

18
Q

What is a change management plan?

A

A system of formal procedures, set up in advance, defining how project deliverables and docs are controlled, changed, and approved.

19
Q

What are the enterpise environmental factos? When are they used?

A

EEFs! Company culture and existing systems the project will have to deal with or can make use of.

They are used throughout the project management process.

20
Q

What are organizational process assets? When are they used?

A 
OPAs! 
company process and procedures
historical info
lessons learned
they are used throughout the project management process
21
Q

What is historical information?

A

Records of past projects, including lessons learned, used to plan and manage future projects.

Records of the current project which will become part of OPAs

22
Q

What is a project management information system?

A

PMIS!

The manual and automated system to submit and track changes and monitor and control project activities.

23
Q

What is a change control board? who may be on it?

A

CCB!
A group of ppl that approves or rejects changes. May include:

PM
Customer
Experts
Sponsor
Others

For the exam, assume that all projects have CCBs.

24
Q

What are change requests? When are they approved?

A

Fomal requests to change parts of the project after the project management plan is approved.

They are approved in the Perform Integrated Change Control Process.

25
Q

What are preventative actions?

A

Actions taken to deal with anticipated or possible deviaiotns from the performance measurement baseline.

26
Q

What are corrective actions?

A

Actions taken to bring expected future project perfromance in line with the project management plan.

27
Q

Define present value.

A

The vaule today of future cash flows.

28
Q

Define net present value.

A

The vaule in today’s dollars of some future costs and expenses.

For cost, the lower the number the better.

For revenue, the higher the number the better.

29
Q

Define internal rate of return.

A

the reate an investment in the project will return.

The higher the number the better.

The reate at which a project’s infloes and outflows are equal.

30
Q

Define payback period?

A

The number of time periods to recover the investment.

The lower the number the better.

31
Q

Define benefit cost ratio.

A

BCR!
Benefit/cost - benefit divided by cost
The higher the number the better.

32
Q

Define oppourtunity cost.

A

The oppourtunity given up by selcting one project over another.

33
Q

What are sunk costs?

A

Expended costs.

34
Q

Define the law of diminishing returns.

A

The more you put into the effort, the less you get out of it.

35
Q

Define working capital.

A

Current assets minus current liabilities.

The amount of funds availible to spend on projects.

36
Q

What are the two types of depreciation?

A

Straight line depreciation: depreciate the same amount each time period.

Accelerated Depreciation: Depreciate an amount greater than straight line each time period.

PMBOK 4.0 (12 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions