Chapter 4: Project Integration Management
Change Control Board (CCB)
A formal group of people responsible for approving or rejecting changes on a project
net present value (NPV) analysis
A method of calculating the expected net monetary gain or loss from a project
project integration management initiation process
Develop project charter
integrated change control
Identifying, evaluating, and managing changes throughout the project life cycle
1 IT project categories
Impetus
1 of inputs for developing a project charter
a business case
project management plan
a document used to coordinate all project planning efforts and documents
change control system
a formal, documented process that describes when and how official project documents may be changed
IT project category: impetus: the project addresses
a problem an opportunity a directive
1 of inputs for developing a project charter
a project statement of work
return on investment (ROI)
a result of subtracting the cost for the project from the benefit(what project will gain for the organization) / cost
1 of inputs for developing a project charter
agreements
SWOT analysis
analyzing Strengths, Weaknesses, Opportunities, and Threats
perform integrated change control outputs
approved change requests, change long, project management plan updates, project documents updates
Monitoring project work includes
assessing measurements and analyzing trends
weighted scoring model step 3
assign scores to each criterion for each project
weighted scoring model step 2
assign weights(percentages) to each criterion so they add up to 100%
product security
categorized by the need to protect the information the product stores
1 of methods for selecting projects
categorizing information technology proejcts
monitor and control project work outputs
changes requests, project management plan updates, project documents updates
Closing process
close project or phase
1 of 6 main processes of project integration management
close the project or phase
Monitoring project work includes
collecting, measuring, and disseminating performance information
project integration management executing output
deliverable, work performance data, change requests, project management plan updates, project documents updates
1 of elements of a project management plan
description of how the project is organized
1 of 3 main objectives of integrated change control
determining that a change has occured
project integration management planning process
develop project management plan
1 of 6 main processes of project integration management
develop the project charter
1 of 6 main processes of project integration management
develop the project management plan
1 of 6 main processes of project integration management
direct and manage project execution
project integration management executing process
direct and manage project work
IT project category: priority
do high priority first
configuration management
ensures that the descriptions of the project's products are correct and complete
1 of inputs for developing a project charter
enterpirse environmental factors
Closing outputs
final product, service, or result transition, organizational process assets updates.
main outputs include
final product, service, or result transition. organizational process asset updates
1 of methods for selecting projects
focusing on broad organizational needs
strategic planning
formalize project initiation by issuing a project charter
IT project category: time window
how long it takes to do the project and deadline for completion
weighted scoring model step 1
identify criteria important to the project selection process
strategic planning
identify potential projects
Monitoring project work includes
identifying areas that require special attention
1 of methods for selecting projects
implementing a balanced scorecard
change requests
include recommended corrective and preventive actions and defect repairs
1 of 3 main objectives of integrated change control
influencing the factors that create changes to ensure that changes are beneficial
1 of elements of a project management plan
introduction or overview of the project
project integration management
involves coordinating all of the other project management knowledge areas throughout a project's life cycle.
Strategic planning
involves determining long-term objects, predicting future trends, and projecting the need for new products and services
project charter
is a document that formally recognizes the existence of a project and provides direction on the project's objectives and management
balanced scorecard
is a methodology that converts an organization's value drivers, such as customer service, innovation, operational efficiency, and financial performance, to a series of defined metrics.
weighted scoring model
is a tool that provides a systematic process for selecting projects based on many criteria
project security
is categorized by the need to protect and secure project information
1 of elements of a project management plan
management and technical processes used on the project
1 of 3 main objectives of integrated change control
managing actual changes as they occur
1 of 6 main processes of project integration management
monitor and control project work
2 processes of Monitoring and Controlling
monitor and control project work Perform integrated change control
weighted scoring model
multiply the scores by the weights and get the total weighted scores
1 of 3 methods for determining the projected financial value of projects
net present value (NPV) analysis
payback
occurs when benefit of a project equal the cost of a project
1 of inputs for developing a project charter
organizational process assets
1 of 3 methods for determining the projected financial value of projects
payback analysis
1 of 6 main processes of project integration management
perform integrated change control
1 of methods for selecting projects
performing net present value or other financial analyses
1 IT project categories
priority
project integration management initiation output
project charter
project integration management planning output
project management plan
1 of 3 methods for determining the projected financial value of projects
return on investment (ROI)
payback period
the amount of time required for an investment to generate cash flows sufficient to recover its initial cost
Focusing on broad organizational needs
three important criteria for projects: There is a Need for the project There are funds available There is a strong will to make the project succeed
1 IT project categories
time window
strategic planning
use realistic methods to select which proejcts to work on
1 of methods for selecting projects
using a weighted scoring model
1 of elements of a project management plan
work to be done, schedule, and budget information
to close a project or phase
you must finalize all activities and transfer the completed or cancelled work to the appropriate people