Integration Management

Question 1

Future Value of Money Formula

Answer 1

FV+PV(1+i)n

Question 2

Present Value of Money Formula

Answer 2

PV+FV/(1+i)n

Question 3

Net Present Value

Answer 3

Calculate return for each time period, calculate each time period’s present value, sum the present value, subtract investment, NPV greater than zero is good

Question 4

Internal Rate of Return

Answer 4

Present value equals cash inflow, IRR with higher values are good, IRR with lower values might be too poor, greater than zero is a decent project selection

Question 5

Scope Management Plan

Answer 5

How scope will be defined, developed, monitored, controlled, and validated

Question 6

Requirements Management Plan

Answer 6

How requirements will be analyzed, documented, and managed

Question 7

Schedule Management Plan

Answer 7

Criteria and the activities for developing, monitoring, and controlling the schedule

Question 8

Cost Management Plan

Answer 8

How costs will be planned, structured, and controlled

Question 9

Quality Management Plan

Answer 9

How an organization’s quality policies, methodologies, and standards will be implemented int he project

Question 10

Resource Management Plan

Answer 10

How project resources are categorized, allocated, managed, and released

Question 11

Communication Management Plan

Answer 11

How, when, and by whom information will be administered and disseminated

Question 12

Risk Management Plan

Answer 12

How risk management activities will be structured and performed

Question 13

Procurement Management Plan

Answer 13

How the project team will acquire goods and services from outside of the performing organization

Question 14

Stakeholder Engagement Plan

Answer 14

How stakeholders will be engaged in project decisions and execution

Question 15

Scope Baseline

Answer 15

Scope statement, work breakdown structure, and the WBS dictionary

Question 16

Schedule Baseline

Answer 16

schedule model that is used as a basis for comparison to the actual results

Question 17

Cost Baseline

Answer 17

Time phased project budget that is used as a basis for comparison to the actual results

Question 18

Change Management Plan

Answer 18

How change requests will be authorized and incorporated

Question 19

Configuration Management Plan

Answer 19

How the information about the items of the project will be recorded and updated

Question 20

Performance Management Plan

Answer 20

Integrated scope-schedule-cost plan for the project to measure and manage performance

Question 21

Project Life Cycle

Answer 21

Phases that a project passes through

Question 22

Development Approach

Answer 22

Product, service, or result development approach such as predictive, iterative, agile, or a hybrid model

Question 23

Management Reviews

Answer 23

Points to review the project progress and performance

Question 24

Alternatives Analysis

Answer 24

Corrective and prevent actions to fix problems and to prevent problems

Question 25

Cost-benefit Analysis

Answer 25

Cost of the proposed corrective actions and the consideration of the benefits the actions will create

Question 26

Earned Value Analysis

Answer 26

Earned value management is a suite of formulas that helps to show project performance

Question 27

Root Cause Analysis

Answer 27

Determine what activities, people, organizational processes, or other factors are contributing to an effect

Question 28

Trend Analysis

Answer 28

Recurring problems, threats, opportunities

Question 29

Variance Analysis

Answer 29

Difference of planned and experience

Question 30

Configuration Identification

Answer 30

Identification and documentation of the product and its components

Question 31

Configuration Status Accounting

Answer 31

Includes the documentation of the product information

Question 32

Configuration Verification and Auditing

Answer 32

Concerned with performance and functional attributes of the product

Question 33

Your project is moving ahead of schedule. Management elects to incorporate additional quality testing into the project to improve the quality and acceptability of the project deliverable. What is this is an example of?

Answer 33

Integrated Change Control

Question 34

In a Project Selection Model, what is the most important factor?

Answer 34

Business Needs

Question 35

The project plan provides what with regard to project changes?

Answer 35

A guide to all future project decisions

Question 36

Baseline variances, a documented plan to management variances, and a proven methodology to offer corrective actions to the project plan are all part of which process?

Answer 36

Integrated Change Control

Question 37

One of the requirements of project management in your organization is to describe your project management approach and methodology in the project plan. You can best accomplish this requirement through which one of the following actions?

Answer 37

Compiling the management plans from each of the knowledge areas