M&C: Integration Management Flashcards
Those processes required to track, review, and regulate the progress and performance of the project;
identify any areas in which changes to the plan are required;
and initiate the corresponding changes
Monitoring and Controlling Process Group
Collect project performance data, produce performance measures, and report and disseminate performance information
Monitor
Comparing actual performance with planned performance, analyzing variances, assessing trends to effect process improvements, evaluating possible alternatives, and recommending appropriate corrective action as needed
Control
A quantifiable deviation, departure, or divergence away from a known baseline or expected value
Variance
An actual condition that is different from the expected condition that is contained in the baseline plan
Variation
A limiting factor that affects the execution of a project, program, portfolio, or process
Constraint
Name the three constraints in the Triple Constraints model.
Cost, Time, Scope
The process of tracking, reviewing and reporting the progress to meet the performance objectives defined in the PMP
Monitor and Control Project Work
A technique for determining the cause and degree of difference between the baseline and actual performance
Variance Analysis
A technique used to evaluate identified options in order to select the options or approaches to use to execute and perform the work of the project
Alternative Analysis
A financial analysis tool used to determine the benefits provided by a project against its costs
Cost-Benefit Analysis
An analytical technique used to determine the basic underlying reason that causes variance or a defect or a risk.
Root Cause Analysis
An analytical technique that uses mathematical models to forecast future outcomes based on historical results
Trend Analysis
Estimates or predictions of conditions and events in the project’s future based on information and knowledge available at the time the schedule is calculated
Schedule Forecasts
Analyzing cost status relative to cost baseline, to determine whether cost performance is still within tolerable limits
CPI, EAC, and CV may be used when EVM is employed)
Cost Forecasts