Cornelius Fichtner help you with your PMP Exam Prep (https://www.project-management-prepcast.com) as well as earn free PDUs (www.pm-podcast.com/pdu). Passing the PMP Exam is tough, but keeping your PMP Certification alive is just as challenging. Preparing for the exam requires an in-depth study of the PMBOK Guide and dedicated study discipline. And once you are PMP certified, then you are required to earn 60 Professional Development Units (PDUs) every 3 years to keep your certification alive. Let me help you make this journey easier with tips and tricks on how to prepare for and pass the exam as well as efficiently earning your PDUs once you are certified.
Recent Posts
Episode 549: How to Bring Clarity to Chaotic Projects
Episode 548: From Project Delivery to Value: How Project Managers Create Real Business Impact
Episode 546: The Real Reason Project Requirements Keep Changing
Episode 544: The Four Pillars of Project Success
Episode 543: Catch Project Trouble Early and Protect Your Delivery
Categories
AGILE,
Agile,
Agile,
Agile Projects,
Annual Plan and Portfolio,
Artificial Intelligence,
Audit,
Best PMP Exam Simulators,
Business Analysis,
Business Analysis,
Business Analysis Practitioner,
Business Management,
CAPM,
Career Development,
CCRS,
Change Management,
Communication Management,
Communications Management,
Earning PDUs,
Education,
Emotional Intelligence Tools,
Entrepreneur,
Free PDUs,
Interpersonal Skills,
Knowledge Areas,
Knowledge Management,
Leadership,
Lessons Learned,
Lessons Learned Management,
Management,
meeting management,
Millennial Project Managers,
Multiple Projects,
NASA,
Opportunity Cost,
PDU,
PDU Podcast,
PDUs,
PDUs: Business Acumen,
PDUs: Not Applicable,
PDUs: Power Skills,
PDUs: Ways of Working,
PgMP®,
Planning,
PM Exam Simulator,
PM Formulas,
PM Podcast,
PM PrepCast,
PMBOK,
PMBOk 8,
PMBOK Guide,
PMBOK® Guide,
PMI,
PMI Agile Certified Practitioner (PMI-ACP)® Exam,
PMI Audit,
PMI Educational Foundation,
PMI Global Congress,
PMI Talent Triangle,
PMI Talent Triangle/PDUs: Not Acceptable,
PMI-ACP,
PMI-ACP Certified,
PMI-ACP Eligibility,
PMI-ACP Exam,
PMI-ACP Exam Formulas,
PMI-ACP Exam Prep,
PMI-ACP®,
PMO,
PMO,
PMO,
PMP,
pmp,
PMP Audit,
PMP Cerficiation,
PMP Certification,
PMP ebook,
PMP Exam,
PMP exam coach,
PMP Exam Overview,
PMP Exam Prep,
PMP exam prep material,
PMP Exam Prep Video,
PMP exam sample question,
PMP Exam Tip,
PMP Lessons Learned,
PMP Mock Exam Free,
PMP Mock Exam Online,
PMP Re-certification,
PMP sample question,
PMP Study Materials,
PMP training,
PMP®,
podcast,
Portfolio Management,
Positive Leadership,
Power Skills,
Process Groups,
Professional Development Units,
project,
Project Assumptions,
Project Business,
Project Business Management,
Project Integration Management,
Project Leadership,
Project Management,
Project Management Basics,
Project Management Institute,
Project Management Methodology,
Project Management Podcast,
Project Management Principles,
Project management professional,
Project Management Skills,
Project Management Trends,
project manager,
Project Manager Skills,
Project Manager Soft Skills,
Project Managers,
Project Metrics,
Project Planning,
Project Schedule,
Project Sponsorship,
Project Success,
RAM,
RBS,
Resource Breakdown Structure,
Responsibilities,
Responsibility Assignment Matrix,
Risk Management,
Risky Projects,
Roles,
sample PMP exam,
Situational Project Management,
soft skills,
Strategy implementation,
study,
Study Techniques,
Study Tips,
Teams,
Technical Project Management,
The Agile PrepCast,
Virtual Communication,
Work-Life Balance
Date
There are two separate components within Cost of Quality (COQ). We looked at the Cost of Conformance in our last tip and this time we’ll focus on the Cost of Nonconformance. The Cost of Conformance is focused on avoiding potential failures and the Cost of Nonconformance is the cost incurred as a result of any failures because the quality expectations were not met.
This “failure” is really easy to understand: You built a product, service or result through your product and it failed to meet quality expectations. Now you have to fix it, which is going to cost you.
There are both internal and external costs related to failure. Internal costs are those identified within the scope of the project. This includes things like the time and money it will take to rework part of the project. It also includes any cost involved if you have to throw away parts of your project work, which is officially called “scrap”.
External failure costs are those identified after the product or service has been delivered to the customer. This includes things like warranty fulfillment, liability costs and the potential of a loss of business.
Posted on: June 29, 2011 10:59 PM |
Permalink
