Project Integration Management

Question 1

Assumption log

Answer 1

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.

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

a committee that evaluates the worthiness of a proposed change and either approves or rejects the proposed change

Question 4

change control system (CCS)

Answer 4

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.

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

this plan details the project procedures for entertaining change requests: how change requests are managed, documented, approved or declined

Question 7

closure processes

Answer 7

this final process group of the project management lifecycle 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

defines who will get what information, how they will receive it and in what modality the communication will take place

Question 9

configuration identification

Answer 9

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

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

Question 11

configuration status accounting

Answer 11

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

Question 12

configuration verification and auditing

Answer 12

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

Question 13

contract closure

Answer 13

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

Question 14

cost baseline

Answer 14

this is the aggregated costs of all of the work packages within the work breakdown structure (WBS)

Question 15

cost management plan

Answer 15

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

Question 16

explicit knowledge

Answer 16

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

Question 17

future value

Answer 17

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

Question 18

integrated change control

Answer 18

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

Question 19

issue log

Answer 19

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 issues is also recorded.

Question 20

mathematical model

Answer 20

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 21

milestone

Answer 21

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.

Question 22

milestone list

Answer 22

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 23

murder boards

Answer 23

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.

Question 24

net present value

Answer 24

evaluates the monies returned on a project for each period the project lasts

Question 25

payback period

Answer 25

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

Question 26

present value

Answer 26

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

Question 27

procurement management plan

Answer 27

controls how the project will acquire goods and services

Question 28

project charter

Answer 28

this document authorizes the project
it defines the initial requirements of the project stakeholders
it is endorsed by an entity outside of the project boundaries

Question 29

project management plan

Answer 29

the documented approach of how a project will be planned executed, monitored and controlled and then close. this document is a collection of subsidiary management plans and related documents

Question 30

project scope management

Answer 30

defines how the project scope will be planned, managed and controlled

Question 31

quality baseline

Answer 31

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

Question 32

quality management plan

Answer 32

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

Question 33

regression analysis

Answer 33

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

Question 34

risk management plan

Answer 34

defines how the project will manage risk (an uncertain even or condition that may affect the project outcome)

Question 35

risk register

Answer 35

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

Question 36

risk response plan

Answer 36

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

Question 37

schedule baseline

Answer 37

planned start and finish of the project
the comparison of what was planned and what was experienced is the schedule variance

Question 38

schedule management plan

Answer 38

defines how the project schedule will be created and managed

Question 39

scope baseline

Answer 39

a combination of 3 project documents: the project scope statement, the work breakdown structure and WBS dictionary
the creation of the project deliverable will be measured against the scope baseline to show an variances from what was expected and the project team has created

Question 40

scoring models

Answer 40

these models use a common set of values for all of the projects up for selection (examples: profitability, complexity, customer demand, etc.)