Integrated Change Control – reviewing all change requests, approving

• Organizational corporate knowledge base for storing and retrieving information: ♦ Process measurement database used to collect and make available measurement data on processes and products ♦ Project files e.g., scope, cost, schedule, and quality baselines, performance measurement baselines, project calendars, project schedule network diagrams, risk registers, planned response actions, and defined risk impact 4 ♦ Historical information and lessons learned knowledge base e.g., project records and documents, all project closure information and documentation, information about both the results of previous project selection decisions and previous project performance information, and information from the risk management effort ♦ Issue and defect management database containing issue and defect status, control information, issue and defect resolution, and action item results ♦ Configuration management knowledge base containing the versions and baselines of all official company standards, policies, procedures, and any project documents ♦ Financial database containing information such as labor hours, incurred costs, budgets, and any project cost overruns.

4.1.2 Develop Project

Charter: Tools and Techniques .1 Project Selection Methods Project selection methods are used to determine which project the organization will select. These methods generally fall into one of two broad categories 4 : • Benefit measurement methods that are comparative approaches, scoring models, benefit contribution, or economic models. • Mathematical models that use linear, nonlinear, dynamic, integer, or multi- objective programming algorithms. .2 Project Management Methodology A project management methodology defines a set of Project Management Process Groups, their related processes and the related control functions that are consolidated and combined into a functioning unified whole. A project management methodology may or may not be an elaboration of a project management standard. A project management methodology can be either a formal mature process or an informal technique that aids a project management team in effectively developing a project charter. A Guide to the Project Management Body of Knowledge PMBOK ® Guide Third Edition 2004 Project Management Institute, Four Campus Boulevard, Newtown Square, PA 19073-3299 USA 85