Flashcards For Passing The Pmp & Camp/capm-Intergration Managemen

Front 1

What is the process of integration management?

Back 1

Develop project charter
Develop project management plan
Direct and manage project execution
Monitor and control project work
Perform integrated change control
Close project or phase

Front 2

What are methods to select a project?

Back 2

Benefit measurement (comparative)
Constrained optimization (mathematical)

Front 3

What is the developed project management plan process? What is its output?

Back 3

The process of creating a project management plan that is bought into approved realistic and formal.
Output: The project management plan

Front 4

What is included in the project management plan?

Back 4

Management plans for knowledge areas
Change management plan
Configuration management plan
Requirements management plan
Processed improvement plan

Front 5

What are project documents?

Back 5

Any documents used to manage projects that are NOT part of the project management plan. They include:
Project charter
Statement of work
Contracts
Stakeholder register
Requirements documentation
Activity list
Quality metrics
Risk register
Change log
Issue log
And any other such documentation

Front 6

What are key outputs of the direct and manage project execution process

Back 6

Deliverables
Change requests
Work performance information
Updates to the project management plan
Project documents

Front 7

What are key outputs of the monitor and control project work process

Back 7

Change requests
Updates to project management plan
Project documents

Front 8

What are key outputs of the perform integrated change control process

Back 8

Change request status updates
Updates to the project management plan
The project documents

Front 9

What are key outputs of the close project or phase process

Back 9

Final product
Formal acceptance
Organizational process assets updates

Front 10

Explain the project manager’s role as an integrator

Back 10

Making sure all the pieces of the project are properly coordinated and put together into one cohesive whole

Front 11

What is a project charter? How does it help the project

Back 11

The documentation by the sponsor during project initiating that:
Formally recognizes the existence of the project
Gives the project manager authority
Documents the business need, justification, customer requirements, and the product or service to satisfy those requirements.

Front 12

What is a BUSINESS CASE?

Back 12

The project purpose and justification

Front 13

What is a kickoff meeting? When does it occur?

Back 13

A meeting of all parties to the project. To make sure everyone is on the same page.
It is held at the end of the planning process group

Front 14

What are BASELINES?

Back 14

Parts of the project management plan used to measure performance against:
Scheduled baseline
Scope baseline
Cost baseline
These baselines are combined into the performance measurement baseline.
Baselines can change with approved changes

Front 15

What is the project Statement Of Work (SOW)?

Back 15

Describes need product scope and how the project fits into the strategic plan
It is created by the customer or sponsor prior to beginning of the project
It is later refined in the project scope statement

Front 16

What is a WORK AUTHORIZATION SYSTEM?

Back 16

The project manager system for authorizing the start of work packages or activities
It ensures work is done it the right time and in the proper sequence

Front 17

What is a CONFIGURATION management plan?

Back 17

A plan to make sure everyone knows what version of the scope schedule and other components of the project management plan are the latest versions
It defines how you will manage changes to the deliverables and resulting documentation

Front 18

What is a CHANGE CONTROL system?

Back 18

A system of formal procedures set up in advance defining how all project deliverables and documentation are controlled changed and approved

Front 19

What are ENTERPRISE ENVIRONMENTAL factors?
When are they used?

Back 19

Company culture and existing systems that the project will have to deal with or can make use of.
They are used throughout the project management process

Front 20

What a organizational process assets?
When are they used?

Back 20

Company processes and procedures
Historical information
Lessons learned
They are used throughout the project management process

Front 21

What is historical information?

Back 21

Records of past projects including lessons learned used to plan and manage future projects
Records of the current project which will become part of organizational process assets

Front 22

What is a project management information system?

Back 22

The manual and automated system to submit and track changes and monitor and control project activities

Front 23

What is it change control board?
Who may be on it?

Back 23

A group of people that approves or rejects changes. May include:
Project manager
Customer
Outside experts
Sponsor
Others


For the exam assume that all projects have change control board’s

Front 24

What are change requests?
When are they approved?

Back 24

Formal request to change part of the project up to the project management plan is approved
They are approved during the integrated change control process

Front 25

What are prevented actions?

Back 25

Actions taken to deal with anticipated or possible deviations from the performance measurement baseline

Front 26

What a corrective actions?

Back 26

Actions taken to bring expected future project performance in line with the project management plan

Front 27

Define PRESENT VALUE

Back 27

The value to date of future cash flows

Front 28

Define NET present value

Back 28

The value in today’s dollars of some future costs and expenses.
For COST the LOWER the number the better
For REVENUE the HIGHER the number the better

Front 29

Define the Internal Rate of Return (IRR)

Back 29

The rate the investment in the project will return
The HIGHER the number the BETTER
The rate at which a project inflows and out flows are equal

Front 30

Define PAYBACK PERIOD

Back 30

The number of time periods to recover the investment
A LOWER number is BETTER than a higher one

Front 31

Define BENEFIT COST RATIO

Back 31

Benefit over cost
The HIGHER the number the BETTER

Front 32

Define the OPPORTUNITY cost

Back 32

The opportunity given up by selecting one project over another

Front 33

What are SUNK costs

Back 33

Expended costs

Front 34

Define the LAW OF DIMINISHING returns

Back 34

The more you put into the effort the less you get out of it

Front 35

Define WORKING CAPITAL

Back 35

Current assets minus current liabilities
The amount of funds available to spend on projects

Front 36

What a different types of depreciation

Back 36

STRAIGHT LINE depreciation: Depreciate same amount each time.
ACCELERATED depreciation: Depreciate an amount greater than straight line each time.