Integration Mgmt

Question 1

Integration management

Answer 1

Practice of making certain every part of the project is coordinated

Project is started, pm assembles plan, executes and verifies and then closes

Responsibility cannot be delegated to someone else

PM is responsible for decision making

Question 2

Integration management processes

Answer 2

Initiating - develop project charter
Planning - develop project management plan
Executing - direct and manage project work, manage project knowledge
Monitoring and controlling - monitor and control project work, perform integrated change control
Closing - close phase or project

Question 3

Develop project charter output

Answer 3

Project charter

Assumption log

Question 4

Develop project management plan output

Answer 4

Project management plan

Question 5

Direct and manage project work output

Answer 5

Deliverables
Work performance data
Issue log

Question 6

Manage project work output

Answer 6

Lessons learned register

Question 7

Monitoring and control project work output

Answer 7

Work performance reports

Change requests

Question 8

Perform integrated change control outputs

Answer 8

Approved change requests

Project document updates (change log)

Question 9

Close project/phase output

Answer 9

Final product/service/result
Final report
Project document updates

Question 10

Reasons a project may be chosen

Answer 10

Market demand 
Organizational need 
Customer request 
Technological advance 
Legal requirement 
Ecological impact 
Social need

Question 11

Project selection methods

Answer 11

Benefit measurement
Constrained optimization - linear/nonlinear programming
Economics - calculations

Question 12

Benefit cost ratio

Answer 12

Ratio of benefits to cost

Question 13

Economic value add

Answer 13

After tax profit - (capital x cost of capital )

Question 14

Internal rate of return

Answer 14

Bigger is better

Question 15

Payback period

Answer 15

How long to recoup an investment

Question 16

Opportunity cost

Answer 16

Smaller the better

Question 17

Present value and net present value

Answer 17

Pv based on time value of money

Npv factors in cost

Question 18

Return on investment

Answer 18

(Benefit - cost) / cost

Question 19

Return on invested capital

Answer 19

Net income (after tax) / total capital invested

Question 20

Project charter

Answer 20

High level requirements, specifics, budget, milestones

Objectives and measurements for success

List of key stakeholders

Specifies who signs off on final product

Written by sponsor and/or customer

Project birth certificate

Question 21

Project management plan

Answer 21

Defines how the project will be managed, executed and controlled

Progressively elaborated

Formal single document

Once approved not changed unless through control change process

Most of its components are developed in other processes

Question 22

Direct and manage project work

Answer 22

Team is executing work packages and creating the project deliverables

Question 23

Direct and manage project work outputs

Answer 23

Deliverables

Work performance data (on deliverables)

Issue log

Question 24

Manage project knowledge

Answer 24

Leveraging lessons learned from a previous project or this one

Question 25

Manage project knowledge tools

Answer 25

Knowledge management (explicit and tacit knowledge)

Information management

Question 26

Explicit knowledge

Answer 26

Written down or drawn

Question 27

Tacit information

Answer 27

Opinions, beliefs, abilities

Question 28

Knowledge management

Answer 28

Explicit and tacit knowledge

Question 29

Manage project knowledge output

Answer 29

Lessons learned register

Question 30

Monitor and control project work

Answer 30

Make sure deliverables are in line with project plan and meet objectives

Any changes are requested and identified here

Question 31

Monitor and control project work inputs

Answer 31

Project management plan

Project documents - assumption log, basis of estimates, cost forecasts, issue log, lessons learned, milestone list, quality reports, risk report/register, schedule forecasts, work performance info

Question 32

Monitor and control project work output

Answer 32

Work performance reports - dashboards, heat maps, burn down charts

Actionable

Question 33

Perform integrated change control

Answer 33

Asses change request and impact on project (all processes)

Focus on change while monitor focuses on work

Question 34

Perform integrated change control output

Answer 34

Approved change requests - approved and denied

Question 35

Close project or phase outputs

Answer 35

Project document updates

Final product/service/result

Final report

Organizational process asset updates