Integration Management Flashcards
What is a business case?
necessary information to get the project initiated
why a business should do this project
-cost-benefit analysis
Develop project charter
a document that formally authorizes the project or phase and documents initial requirements to satisfy stakeholders
defines the authority of the PM
senior management’s written approval to start the project
links the project to the overall company goals
What are the methods that can be used to select a project?
benefit-cost ration (BCR)
internal rate of return
opportunity cost
payback period
economic value added (EVA)
Present Value (PV)
Net present value (NPV)
return on investment (ROI)
Benefit management plan
describes the main benefits that the project will produce once it is completed
generally created by doing a cost-benefit analysis of whether the project should proceed or not and using different business cases as to why the project is needed
Agreements
contracts
should be signed before the project starts
What is a project charter?
document that officially authorizes the project to get started
contains:
-project justification and purpose
-name of project manager
-assignment of authority to the project manager
-signature of sponsor (senior management) or others authorizing the project
Develop a project management plan
process of creating the project management plan that includes all subsidiary plans and baselines
only an approved change request can change a plan once it has been approved
What is a change management plan?
outline how change requests will be collected, assessed, authorized, and incorporated into the project
What is a configuration management plan?
outline how the various components of a project can be configured
how are you going to update the plan once the deliverables are given
What is performance measurement baseline?
checks the performance of the project as it is being executed
integrates scope, schedule, and cost into a single baseline that is used to track performance of the project
What are the 2 components that the project management plan is broken into?
-management plans
-baselines
What is knowledge management?
the main objective so the PM can use the knowledge that is gaoined throughout the project
explicit or tacit
What is information management?
ensures that all info is avaliable to stakeholders when needed
Ex: websites, articles, libraries, documents
