Project Integration Management

Question 1

Assumption log

Answer 1

Udemy- An assumption is something that is believed to be true or false, but it has not
yet been proven to be true or false. Assumptions that prove wrong can become risks for the project. All identified project assumptions are recorded in the assumption log for testing and analysis, and the outcomes are recorded.

PMBOK- A project document used to record all assumptions and constraints throughout the project life cycle.

Question 2

Benefit/cost ratio (BCR) models

Answer 2

This is an example of a benefits comparison model. It examines the benefit-to-cost ratio.

Question 3

Change control board (CCB)

Answer 3

Udemy- A committee that evaluates the worthiness of a proposed change and either approves or rejects the proposed change.

PMBOK- A formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project, and for recording and communication such decisions.

Question 4

Change control system (CCS)

Answer 4

Udemy- The change control system communicates the process for controlling changes to the project deliverables. This system works with the configuration management system and seeks to control and document proposals to change the project’s product.

PMBOK- A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled.

Question 5

Change log

Answer 5

All changes that enter into a project are recorded in the change log. The characteristics of the change, such as the time, cost, risk, and scope details, are also recorded.

Question 6

Change management plan

Answer 6

Udemy- This plan details the project procedures for entertaining change requests: how change requests are managed, documented, approved, or declined.

PMBOK- A component of the project management plan that establishes the change control board, documents the extent of its authority, and describes how the change control system will be implemented.

Question 7

Closure processes

Answer 7

This final process group of the project management life cycle is responsible for closing the project phase or project. This is where project documentation is archived and project contracts are also closed.

Question 8

Communications management plan

Answer 8

Udemy- This plan defines who will get what information, how they will receive it, and
in what modality the communication will take place.

PMBOK- A component of the project, program, or portfolio management plan that describes how, when, and by whom information about the project will be administered and disseminated.

Question 9

Configuration identification

Answer 9

This includes the labeling of the components, how changes are made to
the product, and the accountability of the changes.

Question 10

Configuration management plan

Answer 10

Udemy- This plan is an input to the control scope process. It defines how changes to the
features and functions of the project deliverable, the product scope, may enter
the project.

PMBOK- A component of the project management plan that describes how to identify and account for project artifacts under configuration control, and how to record and report changes to them.

Question 11

Configuration management system

Answer 11

This system defines how stakeholders are allowed to submit change requests, the conditions for approving a change request, and how approved change requests are validated in the project scope. Configuration management also documents the characteristics and functions of the project’s products and any changes to a product’s characteristics.

PMBOK- A collection of procedures used to track project artifacts and monitor and control changes to these artifacts

Question 12

Configuration status accounting

Answer 12

The organization of the product materials, details, and prior product documentation.

Question 13

Configuration verification and auditing

Answer 13

The scope verification and completeness auditing of project or phase deliverables
to ensure that they are in alignment with the project plan.

Question 14

Contract closure

Answer 14

The formal verification of the contract completeness by the vendor and the
performing organization.

Question 15

Cost baseline

Answer 15

Udemy- This is the aggregated costs of all of the work packages within the work breakdown structure (WBS).

PMBOK- The approved version of the time-phased project budget, excluding any management reserves, which can be changed only through formal change control procedures and is used as a basis for comparison to actual results.

Question 16

Cost management plan

Answer 16

Udemy- This plan details how the project costs will be planned for, estimated, budgeted, and then monitored and controlled

PMBOK- A component of a project or program management plan that describes how costs will be planned, structured, and controlled.

Question 17

Explicit knowledge

Answer 17

Udemy- Knowledge that can be quickly and easily expressed through conversations,
documentation, figures, or numbers, is easily communicated

PMBOK- Knowledge that can be codified using symbols such as words, numbers, and pictures

Question 18

Future value

Answer 18

A benefit comparison model to determine a future value of money. The formula to
calculate future value is FV = PV(1 + I)n, where PV is present value, I is the given
interest rate, and n is the number of periods.

Question 19

Integrated change control

Answer 19

A process to consider and control the impact of a proposed change on the
project’s knowledge areas.

Question 20

Issue log

Answer 20

Udemy- Issues are points of contention where some question of the project’s direction needs to be resolved. All identified issues are documented in the issue log, along with an issue owner and a deadline to resolve the issue. The outcome of the issue is also recorded.

PMBOK- A project document where information about issues is recorded and monitored.

Question 21

Mathematical model

Answer 21

A project selection method to determine the likelihood of success. These models
include linear programming, nonlinear programming, dynamic programming,
integer programming, and multiobjective programming.

Question 22

Milestone

Answer 22

Udemy- Milestones are significant points or events in the project’s progress that
represent accomplishment in the project. Projects usually create milestones as the
result of completing phases within the project.

PMBOK- A significant point or event in a project, program, or portfolio.

Question 23

Milestone list

Answer 23

This list details the project milestones and their attributes. It is used for several
areas of project planning, but also helps determine how quickly the project may be
achieving its objectives.

Question 24

Murder boards

Answer 24

These are committees that ask every conceivable negative question about the
proposed project. Their goals are to expose the project’s strengths and
weaknesses, and to kill the project if it’s deemed unworthy for the organization to
commit to. Also known as project steering committees or project selection committees.

Question 25

Net present value

Answer 25

Evaluates the monies returned on a project for each period the project lasts.

Question 26

Payback period

Answer 26

An estimate to predict how long it will take a project to pay back an organization
for the project’s investment of capital.

Question 27

Present value

Answer 27

A benefit comparison model to determine the present value of a future amount of
money. The formula to calculate present value is PV = FV ÷ (1 + I)n, where FV is
future value, I is the given interest rate, and n is the number of periods.

Question 28

Procurement management plan

Answer 28

Udemy- The procurement management plan controls how the project will acquire
goods and services.

PMBOK- A component of the project or program management plan that describes how a project team will acquire goods and services from outside of the performing organization.

Question 29

Project charter

Answer 29

Udemy- This document authorizes the project. It defines the initial requirements of the
project stakeholders. The project charter is endorsed by an entity outside of the
project boundaries.

PMBOK- A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.

Question 30

Project management plan

Answer 30

Udemy- The documented approach of how a project will be planned, executed,
monitored and controlled, and then closed. This document is a collection of
subsidiary management plans and related documents.

PMBOK- The document describes how the project will be executed, monitored and controlled, and closed.

Question 31

Project scope management plan

Answer 31

Udemy- Defines how the project scope will be planned, managed, and controlled.

PMBOK- Project scope management includes the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully.

Question 32

Quality baseline

Answer 32

Documents the quality objectives for the project, including the metrics for
stakeholder acceptance of the project deliverable.

Question 33

Quality management plan

Answer 33

Udemy- This plan defines what quality means for the project, how the project will achieve quality, and how the project will map to organizational procedures pertaining to
quality.

PMBOK- A component of the project or program management plan that describes how applicable policies, procedures, and guidelines will be implemented to acheive the quality objectives.

Question 34

Regression analysis

Answer 34

PMBOK- An analytical technique where a series of input variables are examined in relation to their corresponding output results in order to develop a mathematical or statistical relationship.

Udemy- A mathematical model to examine the relationship among project variables, like
cost, time, labor, and other project metrics

Question 35

Risk management plan

Answer 35

Udemy- Risk is an uncertain event or condition that may affect the project outcome. The
risk management plan defines how the project will manage risk.

PMBOK- A component of the project, program, or portfolio management plan to describes how risk management activities will be structured and performed.

Question 36

Risk Register

Answer 36

Udemy- The risk register is a centralized database consisting of the outcome of all the other risk management processes, such as the outcome of risk identification, qualitative
analysis, and quantitative analysis.

PMBOK- A repository in which outputs of risk management processes are recorded.

Question 37

Risk response plan

Answer 37

This subsidiary plan defines the risk responses that are to be used in the
project for both positive and negative risks

Question 38

Schedule baseline

Answer 38

Udemy- This is the planned start and finish of the project. The comparison of what was
planned and what was experienced is the schedule variance.

PMBOK- The approved version of a schedule model that can be changed using formal change control procedures and is used as the basis for comparison to actual results

Question 39

Schedule management plan

Answer 39

Udemy- Defines how the project schedule will be created and managed.

PMBOK- A component of the project or program management plan that establishes the criteria and the activities for developing, monitoring, and controlling the schedule.

Question 40

Scope baseline

Answer 40

Udemy- The scope baseline is a combination of three project documents: the project scope statement, the work breakdown structure, and the WBS dictionary. The creation of the project deliverable will be measured against the scope baseline to show any variances from what was expected and what the project team has created.

PMBOK- The approved version of a scope statement, work breakdown structure (WBS), and its associated WBS dictionary, that can be changed using formal change control procedures and is used as a basis for comparison to actual results.

Question 41

Tacit knowledge

Answer 41

Udemy- Knowledge that’s more difficult to express because it’s personal beliefs, values,
knowledge gain from experience, and “know-how” when doing a task.

PMBOK- Personal knowledge that can be difficult to articulate and share such as beliefs, experience, and insights.