Certified Associate in Project Management (PMI-100)

Once the make-or-buy analysis is completed, the document that defines the project delivery method is the Procurement Strategy. The procurement strategy outlines how the project will procure necessary goods, services, or works with decisions on whether to make in-house, buy from external sources, or adopt a hybrid approach. This strategy is integral to guiding procurement activities throughout the project lifecycle.

Engaging stakeholders early in the project is critical because their needs and expectations can significantly impact the project's success. Therefore, identifying stakeholder satisfaction as a project objective ensures that the project aligns with their interests and gains their support, which is essential for achieving overall project goals.

Hybrid methodologies represent an example of leveraging evolving trends and emerging practices in Project Integration Management. By combining different methodologies to suit the needs of the project, project managers can adapt to changing environments and integrate various approaches to enhance project delivery. This reflects an evolving trend in project management.

To determine how much money is needed to complete a project, a project manager should use the Estimate at Completion (EAC). EAC provides a forecast of the total cost of the project by taking the actual costs incurred to date and adding the estimated cost to complete the remaining work. This method helps in evaluating the project's financial requirements based on current progress and performance.

To create the communications management plan, the project manager needs several key documents. The project charter provides the high-level project overview and objectives. The project management plan contains detailed planning information that will guide the project execution and monitoring efforts. Project documents, such as the stakeholder register and project schedules, provide critical data about the project’s activities and stakeholders. These inputs are essential for developing an effective communications management plan.