Reviewer-Sa Final Exam Kay Sir Xernan PDF

PROJECT INTEGRATION MANAGEMENT Project Integration Management includes the processes and activities to identify, define, combine, unify, and coordinate the various processes and project management activities within the Project Management Process Groups. In the project management context, inte...

PROJECT INTEGRATION MANAGEMENT Project Integration Management includes the processes and activities to identify, define, combine, unify, and coordinate the various processes and project management activities within the Project Management Process Groups. In the project management context, integration includes characteristics of unification, consolidation, communication, and interrelationship. These actions should be applied from the start of the project through completion. Project Integration Management includes making choices about: - Resource allocation, - Balancing competing demands, - Examining any alternative approaches, - Tailoring the processes to meet the project objectives, and - Managing the inter-dependencies among the Project Management Knowledge Areas. The Project Integration Management processes are: Develop Project Charter—The process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities. Develop Project Management Plan—The process of defining, preparing, and coordinating all plan components and consolidating them into an integrated project management plan. Direct and Manage Project Work—The process of leading and performing the work defined in the project management plan and implementing approved changes to achieve the project’s objectives. Manage Project Knowledge—The process of using existing knowledge and creating new knowledge to achieve the project’s objectives and contribute to organizational learning. Monitor and Control Project Work—The process of tracking, reviewing, and reporting overall progress to meet the performance objectives defined in the project management plan. Perform Integrated Change Control—The process of reviewing all change requests; approving changes and managing changes to deliverables, organizational process assets, project documents, and the project management plan; and communicating the decisions. Close Project or Phase—The process of finalizing all activities for the project, phase, or contract. PROJECT SCOPE MANAGEMENT Project Scope Management includes the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully. Managing the project scope is primarily concerned with defining and controlling what is and is not included in the project. The Project Scope Management processes are: Plan Scope Management—The process of creating a scope management plan that documents how the project and product scope will be defined, validated, and controlled. Collect Requirements—The process of determining, documenting, and managing stakeholder needs and requirements to meet project objectives. Define Scope—The process of developing a detailed description of the project and product. Create WBS—The process of subdividing project deliverables and project work into smaller, more manageable components. Validate Scope—The process of formalizing acceptance of the completed project deliverables. Control Scope—The process of monitoring the status of the project and product scope and managing changes to the scope baseline. PROJECT SCHEDULE MANAGEMENT Project Schedule Management includes the processes required to manage the timely completion of the project. The Project Schedule Management processes are: Plan Schedule Management—The process of establishing the policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project schedule. Define Activities—The process of identifying and documenting the specific actions to be performed to produce the project deliverables. Sequence Activities—The process of identifying and documenting relationships among the project activities. Estimate Activity Durations —The process of estimating the number of work periods needed to complete individual activities with the estimated resources. Develop Schedule—The process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule model for project execution and monitoring and controlling. Control Schedule—The process of monitoring the status of the project to update the project schedule and manage changes to the schedule baseline. PROJECT COST MANAGEMENT Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget. The Project Cost Management processes are: Plan Cost Management—The process of defining how the project costs will be estimated, budgeted, managed, monitored, and controlled. Estimate Costs—The process of developing an approximation of the monetary resources needed to complete project work. Determine Budget—The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline. Control Costs—The process of monitoring the status of the project to update the project costs and manage changes to the cost baseline. PROJECT QUALITY MANAGEMENT Project Quality Management includes the processes for incorporating the organization’s quality policy regarding planning, managing, and controlling project and product quality requirements in order to meet stakeholders’ objectives. Project Quality Management also supports continuous process improvement activities as undertaken on behalf of the performing organization. The Project Quality Management processes are: Plan Quality Management—The process of identifying quality requirements and/or standards for the project and its deliverables, and documenting how the project will demonstrate compliance with quality requirements and/ or standards. Manage Quality—The process of translating the quality management plan into executable quality activities that incorporate the organization’s quality policies into the project. Control Quality—The process of monitoring and recording the results of executing the quality management activities to assess performance and ensure the project outputs are complete, correct, and meet customer expectations. PROJECT RISK MANAGEMENT Project Risk Management includes the processes of conducting risk management planning, identification, analysis, response planning, response implementation, and monitoring risk on a project. The objectives of project risk management are to increase the probability and/or impact of positive risks and to decrease the probability and/or impact of negative risks, in order to optimize the chances of project success. The Project Risk Management processes are: Plan Risk Management—The process of defining how to conduct risk management activities for a project. Identify Risks—The process of identifying individual project risks as well as sources of overall project risk, and documenting their characteristics. Perform Qualitative Risk Analysis—The process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristics. Perform Quantitative Risk Analysis—The process of numerically analyzing the combined effect of identified individual project risks and other sources of uncertainty on overall project objectives. Plan Risk Responses—The process of developing options, selecting strategies, and agreeing on actions to address overall project risk exposure, as well as to treat individual project risks. Implement Risk Responses—The process of implementing agreed-upon risk response plans. Monitor Risks—The process of monitoring the implementation of agreed-upon risk response plans, tracking identified risks, identifying and analyzing new risks, and evaluating risk process effectiveness throughout the project. PROJECT PROCUREMENT MANAGEMENT Project Procurement Management includes the processes necessary to purchase or acquire products, services, or results needed from outside the project team. Project Procurement Management includes the management and control processes required to develop and administer agreements such as contracts, purchase orders, memoranda of agreements (MOAs), or internal service level agreements (SLAs). The personnel authorized to procure the goods and/or services required for the project may be members of the project team, management, or part of the organization’s purchasing department if applicable. Project Procurement Management processes include the following: Plan Procurement Management—The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers. Conduct Procurements—The process of obtaining seller responses, selecting a seller, and awarding a contract. Control Procurements—The process of managing procurement relationships, monitoring contract performance, making changes and corrections as appropriate, and closing out contracts. PROJECT RESOURCE MANAGEMENT Project Resource Management includes the processes to identify, acquire, and manage the resources needed for the successful completion of the project. These processes help ensure that the right resources will be available to the project manager and project team at the right time and place. The Project Resource Management processes are: Plan Resource Management—The process of defining how to estimate, acquire, manage, and utilize physical and team resources. Estimate Activity Resources—The process of estimating team resources and the type and quantities of material, equipment, and supplies necessary to perform project work. Acquire Resources—The process of obtaining team members, facilities, equipment, materials, supplies, and other resources necessary to complete project work. Develop Team—The process of improving competencies, team member interaction, and the overall team environment to enhance project performance. Manage Team—The process of tracking team member performance, providing feedback, resolving issues, and managing team changes to optimize project performance. Control Resources—The process of ensuring that the physical resources assigned and allocated to the project are available as planned, as well as monitoring the planned versus actual use of resources, and performing corrective action as necessary.