Chapter Review: CHAPTER 4

Chapter 4:
Project Integration Management

@ There are 7 processes that involve in the project integration management which are:

• Develop the project charter
• Develop the preliminary project scope statement
• Develop the project management plan
• Direct and manage project execution
  
• Monitor and control the project work
  
• Perform integrated change control
  
• Close the project

1-Develop the project charter:

Project charter as known as "MOU" that means a document that formally recognizes the existence of a project and provides direction on the project's objectives and management. So, project managers must working with stakeholders to create and developed the document that formally authorizes a project.

2-Develop the preliminary project scope statement:

A scope statement is a document used to develop and confirm a common understanding of the project scope. This process is most important for preventing scope creep which means to prevent the project scope become bigger.In this process project manager will working with stakeholders, especially users of the project's products, services, or results, to develop the high-level scope requirements and create a preliminary project scope statement.

3-Develop the project management plan:

A project management plan is a document used to coordinate all project planning documents and help guide a project's execution and control .Common Elements of a Project Management Plan:

• i-Introduction or overview of the project
  
• ii-Description of how the project is organized
  
• iii-Management and technical processes used on the project
  
• iv-Work to be done, schedule, and budget information
  

4-Direct and manage project execution:

Involves managing and performing the work described in the project management plan. In this Process use a lot of time and must spent a much of money.

5-Monitor and control the project work:

Monitoring project work includes collecting, measuring, and disseminating performance information.Two important outputs of monitoring and controlling project work include recommended corrective and preventive actions .In this process, project managers will oversee project work to meet the performance objectives of the project.

6-Perform integrated change control:

Coordinating changes that affect the project's deliverables and organizational process assets Three main objectives are:

i-Influencing the factors that create changes to ensure that changes are beneficial

ii-Determining that a change has occurred

iii-Managing actual changes as they occur

Change Control Board (CCB) :

i-A formal group of people responsible for approving or rejecting changes on a project

ii-CCBs provide guidelines for preparing change requests

iii-evaluate change requests

iv-manage the implementation of approved changes

v-Includes stakeholders from the entire organization

7-Close the project: finalizing all project activities to formally close the project

@ Strategic Planning and Project Selection:

Strategic planning involves:

i-determining long-term objectives

ii- predicting future trends

iii-projecting the need for new products and services

@ Information Technology Planning Process:

• Resource Allocation
  
• Project Planning
  
• Business Area Analysis
  
• IT Strategy Planning
  

@ Financial Analysis of Projects:

• Net present value (NPV) analysis : a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time.
  
• Return on investment (ROI) : calculated by subtracting the project costs from the benefits and then dividing by the costs.
  
• Payback analysis : the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project.
  

@ Weighted Scoring Model: A tool that provides a systematic process for selecting projects based on many criteria.

The higher the weighted score, the better.