Project Integration Management Flashcards
Tailoring Project Integration Management
- Tailor the processes as needed based off of project priority and need
- Can tailor to the extend that governance, EEFs and PMOs will allow
- Processes that are up for tailoring are project life cycle, development life cycle (adaptive vs. predictive), management approaches (scrum vs. agile), knowledge management, change management, governance, lessons learned and benefits management
Considerations for Adaptive Environments in PIM
- Team members are local domain experts
- Team members determine how plans and components are integrating
- Team members are key and have control
- PMs take servant leadership approach
- PM develops a collaborative decision-making environment
- Team members are generalists rather than specialists
ITTO: Create Project Charter
Inputs:
- Business documents
- Agreements
- Enterprise Environmental Factors
- OPAs
Tools & Techniques:
- Expert judgement
- Data gathering
- Interpersonal and team skills
- Meetings
Outputs:
- Project Charter
- Assumption log
Developing Project Charter
- Authorize the project and the PM
- Pretty high level not specific
- Authorized external to the project (signed by project sponsor not the PM)
- Typically developed once but is possible to have a charter at each phase
Business Case for Project Case
- Describes the market demand, organizational need, customer request, technological advance, legal requirement, ecological impacts and social needs
What is in the project charter?
- Key stakeholders
- approval requirements
- exit criteria
- assigned PM
- sponsor
Benefits Measurement Tools
- Compare the benefits of the project
- examine the cost-benefits ratio
- scoring models - give points to different categories (ex. cost, schedule) and compare across projects
- murder boards - PM/sponsor represents the project and goes before board to answer questions so that they can decide which project will be selected
- payback period - how long will it take to payback the investment for the project?
Future Value of Money
- What is the present amount of money worth in the future to determine how much you should invest in a project
- FV = PV (1 + i)^n
FV = future value
PV= present value
i = interest rate
n = number of time periods
can reverse this to get the present value of money
Net Present Value
- Finds the true value of a project
- Considers a project with multiple returns over multiple time periods
- Equation not necessary for the exam
Internal Rate of Return
- Higher the better, greater than zero = good project
- Present value equals case inflow (i.e. cash coming in)
Assumption Log
- Contains assumptions and constraints
- Assumption is anything that you believe to be true but is not proven (ex. team will stay together for the project). Updated throughout the project
- Constraints are the things that have to be done/used
ITTOs: Developing the Project Management Plan
Inputs:
- Project Charter
- Outputs from other processes
- Enterprise Environmental factors
- OPAs
Tools and Techniques:
- Expert judgement
- Data gathering
- Interpersonal team skills
- Meetings
Outputs:
- Project Management Plan
What is the project management plan?
- Fluid document that can be updated throughout the project
- Prediction of how the project is going to be executed
- There are subsidiary plans for other focus areas that are part of this (ex. cost management plan, risk management plan)
- Starts out at baseline agreement and then changed through change control process
Purpose of the Project Management Plan
- Communicates the intent of the project
- Serves as a guide for the PM
- Provides structure, documentation and baselines
Project Management Plan Participants
- PM
- Project Team Members
- Customers
- Management
Planning Partcipants Skills
- Tailoring PM processes
- Developing additional components of the plan
- determining Tools & techniques
- determining resources and skill levels needed
- defining the level of configuration management
- identifying the project documents subject to formal change control
- prioritizing the work on the project
Kick-off Meetings
- Occur after the Project Management Plan is approved
- Start of execution
- Communicate objectives
- Gain team commitment
- explain stakeholder roles and responsibilities
- timing of this KOM can occur at different times depending on the size of the project
- smaller projects have overlap between planning and execution, KOM occurs during planning after initation
- larger projects have the KOM in the execution process group
- multiphase projects will typically have a KOM at the beginning of each phase
What is in a project management plan?
- Scope management plan
- requirements management plan
- schedule management plan
- cost management plan
- quality management plan
- resource management plan
- communications management plan
- risk management plan
- procurement management plan
- stakeholder engagement plan
- baselines
- change management plan
- configuration management plan
- performance measurement baseline
- project life cycle
- development approach
- management reviews
Scope baseline
- scope statement, work breakdown structure
schedule baseline
- schedule model that is used as a basis for comparison to the actual results
cost baseline
time-phased project budget that is used as a basis for comparison to the actual results
ITTO: Direct and Manage Project Work
Inputs:
- Project management plan
- Project Documents (change log, lessons learned register, etc.)
- Approved change requests
- Enterprise Environmental Factors
- OPAs
Tools & Techniques:
- Expert judgement
- PMIS
- Meetings
Outputs:
- Deliverables
- WPA
- Issue log
- Change requests
- Project management plan
- Project document updates
- OPA updates
Corrective Action
- Fixing a problem
- Realigns project work with project plan
- Keeps work in scope
Preventative Action
- Ensures future performance
- Prevents an issue from happening again (safety, training, risk management)
Defect repair
- Modifies nonconformance to project requirements
- Retrain people to make sure that the issue doesn’t happen again
- Requires change control/request
Deliverable
- Any unique and verifiable product, result or capability
- typically the outcomes of the project
- can include components of the project management plan