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pmpselfstudy > Integration Management > Flashcards

Integration Management 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
  • Perform Integrated Change Control
  • Close Project or Phase
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2
Q

What are the categories of project selection methods?

A

Benefit measurement (comparative)

Constrained optimization (mathematical)

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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

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4
Q

What is included in a project management plan?

A
  • Project management processes for the project
  • Management plan for knowledge areas
  • Scope, schedule, and cost baselines
  • Requirements management plan
  • Change management plan
  • Configuration management plan
  • Process improvement plan
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5
Q

What are project documents?

A

Any documents used to manage a project that are not part of the project management plan. These include:

  • Project charter
  • Statement of work
  • Contracts
  • Stakeholder register
  • Requirements documentation
  • Activity list
  • Quality metrics
  • Risk register
  • Issue log
  • Change log
  • Any other such documentation
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6
Q

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

A
  • Deliverables
  • Work performance information
  • Change requests
  • Updates to the project management plan and project documents
  • Implemented changes
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7
Q

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

A
  • Change requests
  • Updates to the project management plan and project documents
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8
Q

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

A
  • Change request status updates (approved or rejected changes)
  • Updates to the project management plan and project documents
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9
Q

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

A
  • Final product
  • Formal acceptance
  • Organizational process assets updates
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10
Q

Explain the project manager’s role as an integrator

A

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

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11
Q

What is a project charter?

How does it help the project?

A

A document issued by the sponsor during project initating that:

  • Formally recognizes the existance of the project
  • Gives the PM authority
  • Documents the business need, justification, customer reuirements and product or service to satisfy those requirements
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12
Q

What is a business case?

A

A project purpose and justification

Explains how the project supports the organization’s strategic goals

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13
Q

What is a kickoff meeting?

When does it occur?

A

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

It is held at the end of the planning process group

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14
Q

What are baselines?

A

Parts of the project management plan used to measure performance against

  • Schedule baseline
  • Scope baseline
  • Cost baseline

Baselines can change with approved changes.

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15
Q

What is the project statement of work?

A

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

Created by the cusomter/sponsor prior to the beginning of the project

Later refined in the project scope statement

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16
Q

What is a work authorization system?

A

The project manager’s sytem for authorizaint the start of work packages or activities

It ensures work is done at the right time and in the proper sequence

17
Q

What is a configuration management plan?

A

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

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

18
Q

What is a change manatement plan?

A

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

19
Q

What are enterprise environmental factors?

When are they used?

A

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

Company processes and procedures

Historical information

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 that will become part of organizational process assets

22
Q

What is project management information system?

A

The manual and auotmated sytem 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

A group of people that approves or rejects changes

May include:

  • Project manager
  • Customer
  • Experts
  • Sponsor
  • Others

For the exam, assume that all projects have CCBs

24
Q

What are change requests?

When are the approved?

A

Formal requests to chagne 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 deviations from the performance measurement baseline

26
Q

What are corrective actions?

A

Actions taken to bring expected furture project performance in line with the project management plan

27
Q

Define present value

A

The value today of future cash flows

28
Q

Define net present value

A

The value 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 rate an investment in the project will return

The higher the number the better

The rate at which a project’s inflows 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 cost benefit analysis

A

Compares expected costs to the potential benefits

Results in a benefit cost ration (BCR)

The higher the BCR number the better

32
Q

Define opportunity cost

A

The opporutnity given up by selecting 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 available to spend on projects

36
Q

What are the 2 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

pmpselfstudy (13 decks)

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