Project Integration Management

Question 1

Assumption Log

Answer 1

A log of all recorded things that are believed to be true or false, but that have not yet been proven to be true or false. It is used 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.

Question 3

Change Control Board (CCB)

Answer 3

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

Question 4

Change Control System (CCS)

Answer 4

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 here. The characteristics of the change, such as the time, ost, 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 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

This plan 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

This includes the labeling of the components, how the 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 Management System

Answer 11

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

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 checking of project or phase deliverables to ensure they are in alignment with the project plan.

Question 14

Contract Closure

Answer 14

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

Question 15

Cost Baseline

Answer 15

This is the aggregated cost of all of the work packages within the work breakdown structure (WBS).

Question 16

Cost Management Plan

Answer 16

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

Question 17

Explicit Knowledge

Answer 17

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

Question 18

Future Value

Answer 18

A benefit comparison model to determine a value of money. The formula 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

All identified points of contention where some question of the project’s direction needs to be resolve, along with an owner and a deadline to resolve it. The outcome is also recorded.

Question 21

Mathematical Model

Answer 21

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

Question 22

Milestone

Answer 22

Significant points or events in the project’s progress that represent accomplishment in the project. Usually created as a result of completing phases within the project.

Question 23

Milestone List

Answer 23

This details the project’s significant points 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 everyone 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 current value of a future amount of money. The formula to calculate this 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 Plans

Answer 28

Controls how the project will acquire goods and services.

Question 29

Project Charter

Answer 29

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 30

Project Management Plan

Answer 30

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 documents.

Question 31

Project Scope Management Plan

Answer 31

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

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

This 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 34

Regression Analysis

Answer 34

A mathematical model to examine the relationship among project variables, like cost, time, labour, and other project metrics.

Question 35

Risk Management Plan

Answer 35

This plan defines how the project will manage uncertain events or conditions that may affect the project outcome.

Question 36

Risk Register

Answer 36

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 37

Risk Response Plan

Answer 37

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

Question 38

Schedule Baseline

Answer 38

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

Question 39

Schedule Management Plan

Answer 39

Defines how the project schedule will be created and managed.

Question 40

Scope Baseline

Answer 40

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 measure against this to show any variances from what was expected and what the project team created.

Question 41

Scoring Models

Answer 41

Uses a common set of values for all of the projects up for selection. For example, values can be profitability, complexity, customer demand, and so on.

Question 42

Tacit Knowledge

Answer 42

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