Section 9 : Implementing 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 identifirs project assumptions are recorded in the assumption log for testing and analysis, and the outcomes are recorded.

Question 2

Benefit/cost radio (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 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

Communication 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 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 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.

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 or project pr 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

This is aggregated costs 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

Knowledge 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 future value of money. The formula to calculate future value is FV=PV(1+i)^n

PV : Present value
i : Interest rate
n : 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

Issues are points of contention where some questions of the project’s direction need 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.

Question 21

Mathematical model

Answer 21

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

Question 22

Milestone

Answer 22

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

Question 23

Milestones 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 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.