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- **Definition**: Involves coordinating all project management knowledge areas throughout the project
life cycle to ensure all elements come together successfully.
- **Main Processes**:
1. **Develop the Project Charter**: Establishes the project and its objectives.
3. **Direct and Manage Project Execution**: Ensures the project is executed according to the plan.
- Essential for maintaining the "big picture" of project execution and avoiding excessive focus on details.
- **Project Plan**: A comprehensive document that coordinates all project planning documents and
guides execution.
- **Common Elements**: Overview, project organization, management and technical processes, work
packages, schedule, and budget.
- Documents critical information about stakeholders, such as roles, influence, and suggestions for
managing relationships.
### Project Plan Execution
- Involves managing and performing the work described in the project plan, requiring strong
management skills, product knowledge, and the use of specialized tools.
- **Objectives**:
- **Change Control Process**: A formal process for managing changes, often involving a Change Control
Board (CCB).
- **Definition**: Involves all work required to create project deliverables and the processes used.
- **Processes**:
- Organizations develop IT strategic plans and perform analyses to select projects based on needs,
resources, and priorities.
- Includes broad needs assessment, categorization (problem, opportunity, directive), and financial
analysis (NPV, ROI, Payback Analysis).
### Financial Analysis of Projects
- A systematic approach for selecting projects based on multiple criteria, assigning weights to each
criterion.
- Formal documents that recognize the project and outline objectives, signed by key stakeholders.
- Involves verifying project scope and minimizing scope changes to avoid issues like scope creep, which
can lead to project failures.
- **FoxMeyer Drug**: Filed for bankruptcy due to scope creep on a robotic warehouse project.
- **Grumman Engineers**: Rejected a poorly defined system, highlighting the importance of clear
project scope.
## Practice Questions
- A) Cost reduction
- D) Focusing on details
2. Which process involves establishing the project objectives?
- C) Allocate resources
- D) Assess risks
- D) Irrelevant to execution
- A) Scope Planning
- C) Risk Assessment
- D) Collecting Requirements
7. What is the purpose of stakeholder analysis?
- A) To eliminate stakeholders
- C) Efficiency of an investment
- D) Stakeholder satisfaction
11. Integrated change control is only necessary at the end of a project. (True/False)
16. Project integration management ensures that all elements of a project come together at the right
__________.
18. The goal of __________ is to define and control what is included in a project.
19. A __________ analysis helps determine the time needed to recoup project investments.
20. The __________ is a systematic approach to selecting projects based on multiple criteria.
32. What challenges can arise from poorly defined project scopes?
33. Explain how project selection methods can prioritize organizational needs.
38. How can project managers use performance reports to manage changes?
39. Discuss the relevance of the weighted scoring model in project selection.
40. Explain the difference between NPV and ROI.
45. What factors should be considered when performing a business area analysis?
50. How does project integration management contribute to overall project success?
This summary and set of practice questions provide a comprehensive overview of the chapter on Project
Integration and Scope Management, ensuring thorough preparation for exams.