Project Integration Management Flashcards
Process Group: Initiating
Integration Management Process: Developing Project Charter
Process Group: Planning
Integration Management Process: Develop Project management Plan
Process Group: Executing
Integration Management Process: Direct and Manage Project Work, Manage Project Knowledge
Process Group: Monitoring & Controlling
Integration Management Process: Monitor & Control Project Work, Perform Integrated Change Control
Process Group: Closing
Integration Management Process: Close Project or Phase
Process: Charter.
What is the Primary Outputs?
Primary Outputs- Project Charter, Assumption Log
Process: Develop Project Management Plan.
What is the Primary Outputs?
Primary Outputs-Project Management Plan
Process: Direct and Manage Project Work.
What is the Primary Outputs 3x?
Deliverables, Work Performance Data, Issue Log
Process: Manage Project Knowledge
What is the Primary Outputs?
Lessons learned Register
Process: Monitor & Control Project Work.
What is the Primary Outputs
Work Performance Reports, Change Requests
Process: Perform Integrated Change Control.
What is the Primary Outputs
Approved Change Request, Project Documents Updates (Change Log)
Process: Close Project or Phase.
What is the Primary Outputs?
Final Product, Service or Result Transition, Final report, Project Documents Updates
Economic Value Add (EVA)
- looks at how much value a project has created for shareholders
-looks at the opportunity costs
-show how much wealth was created (or lost) over a period of time
Internal Rate of Return (IRR)
- expresses a projects returns as an interest rate
-just like the interest rate on a saving account bigger is better when looking at IRR
Where are new or updated risks, assumptions, and identified constraints recorded during the project?
a. Lessons Learned Register
b. Issue Log
c. Risk Register
d. Assumption Log
The Lessons Learned Register captures experiences, insights, and knowledge gained throughout the project, which can be applied in the future. While it might contain notes on risks or assumptions, specific details on risks are typically in the Risk Register, and specific assumptions are in the Assumption Log.)
What are raw observations and measurements identified during activities performed to carry out the project work called?
a. Work performance metrics
b. Work performance reports
c. Work performance information
d. Work performance data
Work performance data refers to the raw observations and measurements. Work performance information is processed data that can provide the status of project deliverables.)
During a project team meeting, a team member suggests a change that could potentially save the project considerable time and money. What should you do with this suggestion?
a. Immediately implement the change as it provides clear benefits.
b. Reject the change as the project is already in its execution phase.
c. Document the suggested change and submit it to the change control process.
d. Discuss the change with the senior management before making a decision.
Correct Answer: c. Document the suggested change and submit it to the change control process. Formal change requests should always be processed through the change control system to ensure appropriate evaluation
CPI (Cost Performance Index) and SPI (Schedule Performance Index) are key performance indicators derived from Earned Value Management (EVM), a project management technique used to assess a project’s performance.
CPI (Cost Performance Index) and SPI (Schedule Performance Index) are key performance indicators derived from Earned Value Management (EVM), a project management technique used to assess a project’s performance.
What is the formula for CPI and its interpretation?
Formula: CPI = EV (Earned Value) / AC (Actual Cost)
Interpretation:
CPI > 1: The project is performing under budget.
CPI < 1: The project is over budget.
CPI = 1: The project is right on budget.
What is the formula for SPI and its interpretation?
Formula: SPI = EV (Earned Value) / PV (Planned Value)
Interpretation:
SPI > 1: The project is ahead of schedule.
SPI < 1: The project is behind schedule.
SPI = 1: The project is on schedule.
