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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
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Date
 There are two separate components within Cost of Quality (COQ) and you must have a complete understanding of both of them for your PMP Exam. One is the Cost of Nonconformance, which is the money (and time) that will be spent due to the failure of a deliverable from your project. The other is the Cost of Conformance. This is the figure that is determined to be necessary to avoid those failures in the first place.
There are two categories within the Cost of Conformance. The prevention costs are those associated with building a quality product or service so that any errors are within the range that is considered acceptable. These usually include the elements of training and equipment. Also included in this category is the time and effort required to fully document processes and to do things the right way.
The other category within the Cost of Conformance is the appraisal costs. These are the costs associated with determining the level of quality to ensure it meets the required standards. Appraisal costs include things like inspections and various types of testing that are then evaluated to ensure the quality expectations are being met.
In our next tip, we’ll take a closer look at the Cost of Nonconformance
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Posted on: June 22, 2011 06:01 AM
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The following PMP® exam sample question is taken from The Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:
Which curve or line represents the cost baseline?
A) Slanted line
B) S-curve
C) Z curve
D) PQ curve
All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try The PMP Exam Simulator free for 3 days. We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a PMI Registered Education Provider.
The Correct Answer is B.
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Posted on: June 19, 2011 04:19 AM
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 Watch this video about The Project Management PrepCast - the first videocast for aspiring PMPs.
In this video we will give you an overview of the program by discussing the five Ws : What is the The Project Management PrepCast? Why should you listen to it? Who is the host of the program? When can I start? How do you subscribe to the program? (OK... technically, that's not a W... 
Here's the link to the video:
http://bit.ly/ldMOfa
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Posted on: June 18, 2011 03:42 AM
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 The cost of quality (COQ) as it relates to project management is frequently misunderstood. It is a monetary figure but it does not solely relate to how much it will cost to provide a quality product or service through the project as most people initially believe.
Instead, COQ is also about the costs that will be involved to bring a product or service that is considered sub-standard up to the standards as they are described. This concept isn’t limited to only the duration of the specific project either. It also takes into consideration costs that occur after the project has ended, such as product returns, recall campaigns and warranty claims. So the complete product life-cycle (not just the project life-cycle) is included when figuring out COQ. The overall cost of quality is reviewed as part of the project to make decisions on how much will be invested in quality.
There are two main categories within the COQ definition. They are the cost of conformance, which is the money spent to avoid problems, and the cost of nonconformance, which is the money spent because of the problems that occurred. We’ll look at those in our next tips.
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Posted on: June 15, 2011 05:39 AM
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The following PMP® exam sample question is taken from The Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:
Which of the following may be considered as the outputs of performing Quality Assurance?
A) Requested changes, recommended corrective actions, organizational process assets, project management plan.
B) Requested changes, requested preventive actions, Quality metrics
C) Quality management plan, Quality metrics, Quality baseline
D) Quality control measurements, recommended preventive actions
All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try The PMP Exam Simulator free for 3 days. We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a PMI Registered Education Provider.
The Correct Answer is A.
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Posted on: June 10, 2011 04:58 AM
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