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Project Integration Management.txt
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During which phases should the project team be involved in project management details? When shouldn't they?
DO involve them during planning, but buffer them more during execution.
What is the Initiating process in the Project Integration Management knowledge area?
Develop Project Charter
What are the 2 key inputs to Develop Project Charter?
Statement of Work (SOW)
Business Case
List 9 project selection metrics used in business cases
Benefit Cost Ratio (BCR)
Economic Value Add (EVA)
Internal Rate of Return (IRR)
Present Value (PV)
Net Present Value (NPV)
Opportunity Cost
Payback Period
Return on Investment (ROI)
Return on Invested Capital (ROIC)
What is the most common reason for a project to be initiated?
Customer request
Define Benefit Cost Ratio (BCR). Want higher or lower?
BCR = Benefits ($) / Cost ($)
Higher is better
Define Economic Value Add (EVA). Want higher or lower?
EVA = after tax profit - (capitol invested * cost of capitol as a rate)
Higher is better
Define Internal Rate of Return (IRR). Want higher or lower?
Project's return expressed as an interest rate.
Higher is better
Define Present Value (PV). Want higher or lower?
Future payouts discounted to today.
Higher is better
Define Net Present Value (NPV). Want higher or lower?
NPV = Present Value - costs
Higher is better
Define Return on Investement (ROI). Want higher or lower?
ROI = (Benefit $ - Cost $) / Cost $
Higher is better
Define Return on Invested Capital (ROIC). Want higher or lower?
For every dollar I invest, how much can I expect in return?
ROIC = Net income / Total capital invested
Higher is better
What document assigns a PM to the project and gives him authority?
Project Charter
What 5 elements are described in the Project Charter?
The project need
Who is the PM and what authority does he have
High-level requirements
High-level (milestone level) schedule
Preliminary budget
What is the output of Develop Project Charter
Project Charter
What are the inputs for Develop Project Management Plan
Project Charter
Outputs from planning processes (for the component plans)
Enterprise Environmental Factors
Organizational Process Assets
What is the output of Develop Project Management Plan
Project Management Plan
Who typically approves the project plan
Project Manager
Project Sponsor
Functional Managers (who are providing project resources)
Note
: Customer & Senior Mgmt typically do NOT approve it.
List the 15 components of the Project Management Plan and the processes that create each
Scope Mgmt Plan - Develop Project Mgmt Plan
Schedule Mgmt Plan - Develop Project Mgmt Plan
Cost Mgmt Plan - Develop Project Mgmt Plan
Change Mgmt Plan - Develop Project Mgmt Plan
Configuration Mgmt Plan - Develop Project Mgmt Plan
Scope Baseline - Create WBS
Schedule Baseline - Develop Schedule
Cost Baseline - Determine Budget
Requirement Mgmt Plan - Collect Requirements
Quality Mgmt Plan - Plan Quality
Process Improvement Plan - Plan Quality
Human Resources Plan - Develop Human Resources Plan
Communications Mgmt Plan - Plan Communications
Risk Mgmt Plan - Plan Risk Mgmt
Procurement Mgmt Plan - Plan Procurements
What are the 2 key inputs to Direct & Manage Project Execution?
Project Management Plan
Approved Change Requests
What are the 2 key outputs from Direct & Manage Project Execution?
Deliverables
Work Performance Information
Where do deliverables flow after being created during Direct & Manage Project Execution?
Perform Quality Control & Verify Scope
What are the 2 key inputs to Monitor & Control Project Work
Project Management Plan
Performance Reports (produced by Communication Mgmt process
: Report Performance)
What are the 3 outputs from Monitor & Control Project Work
Change Requests
Project Management Plan Updates
Project Document Updates
How are the focuses different for "Monitor & Control Project Work" vs. "Perform Integrated Change Control"?
MCPW focuses on project EXECUTION. PICC focuses on CHANGES to the project.
What are the 3 key inputs to Perform Integrated Change Control?
Change Requests
Project Management Plan
Work Performance Info
What is the key tool for Perform Integrated Change Control?
Change Control Meetings
What are the 3 key outputs from Perform Integrated Change Control?
Change Request Status Updates
Project Management Plan Updates
Project Document Updates
What are the 3 key inputs to Close Project or Phase
Project Management Plan
Accepted Deliverables
Organizational Process Assets
What are the 2 key outputs to Close Project or Phase
Final Product, service, or result transition (i.e. handing over the goods)
OPA Updates
Author
lazarwolfe
ID
84078
Card Set
Project Integration Management.txt
Description
PMP Exam Integration Management
Updated
2011-05-06T01:31:55Z
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