Implementing Project Integration Management - Definitions
31 important questions on Implementing Project Integration Management - Definitions
Define - Burnup/ Burndown chart
- Burnup chart - A graph that tracks the project's completeness in an upward curve against the project timeline.
- Burndown chart - A graph that tracks the project's completeness, including scope changes, in a downward curve against project timeline.
Define - scoring model / weighted scoring model
- These models use a common set of values for all projects up for selection.
- Each value gets assigned a weight
- The projects are measured against these values and assigned scores by how well they match the predefined values.
- Also formally known as a project selection method assigns categories and corresponding values to measure a project's worthiness of investment.
Define - benefit cost ratio
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Define - net present value, provide the formula
- The NPV evaluates the monies returned on the project for each time period the project lasts (a project may last five years but there may be a return on investment in each of the five years the project is in existence, not just at the end of the project)
- A benefit measurement formula that provides a precise measurement of the present value of each year the project generates a return on investment.
Define - Constrained optimization methods
Define - benefit measurement methods
Define - applying corrective action
Define - considering preventive action
Define - root cause and causal analysis
Define - Failure Mode and Effect Analysis (FMEA)
Define - fault tree analysis
Define - Integrated Change Control
- Examining of the change request to determine the effect on all parts of the project
- Route the proposed changes through a change control system (CCS)
- Approve/ Deny the proposed changes
- Update the project baselines incorporating changes
Define - change control system
- A predefined set of activities, forms and procedures that establish how project change requests may proceed.
- A CCS is mandatory for effective project management.
Define - change control board
Define - communication management plan
Define - cost management plan
Define - earned value management
Define - process improvement plan
Define - procurement management plan
Define - project funding requirements
Define - project integration management
Define - project management information system
Define - quality management plan
Define - requirement management plan
Define - RTM (requirements traceability matrix)
Define - Risk Management Plan
Define - scope management plan
Define - Source selection criteria
Define - stakeholder management plan
Define - Work performance information
Define - Work performance measurements
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