Working To Earn Pmi Pdu Online

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Working To Earn Pmi Pdu Online
Understanding tools and techniques related to quality planning is fundamental to earning pmi pdu, including those working to earn pmi pdu online. Some of the key concepts include:

Cost-benefit analysis

This tool measures that cost of implementing quality into the project and the benefit gain from those quality measures. Briefly, the cost-benefit analysis could weigh the cost of quality solutions to the benefits.

An example could be using a higher grade of quality materials, which initially costs more, but the benefits could result in less recalls, saving far more money that the increased cost of the better grade materials. Most courses that offer pmi pdu online include practice exercises for cost benefit analysis.

Cost of quality (COQ)

This approach sums up all the costs related to implementing quality in a project and compares them to the cost of failures that could result if the quality measures are not in place. To earn pmi pdu related to quality, be sure to understand this concept.

For example, training and procedure writing represent preventative costs. More quality costs could be incurred when testing and inspections costs are added. Once the total cost of quality is determined, it is compared to the cost of not using quality measures like reworking the product when failures occur, or legal and loss of business costs when the failure of the product is realized in the market.

Control charts1

These charts plot high and low limits set by the contract. The project manager then determines a high and a low control limit and uses a goal or mean baseline. The actual results are plotted against the mean, and compared to the high and low limit set by the contract and the high and the low control limit set by the project manager. A good pmi pdu course has control chart examples for quality.

When an actual value falls above or below the project mangers control limit, this is a signal for the project team to intervene and take corrective action as determined by their risk register.

Benchmarking

Using data from other sources as a way to set a baseline for quality is another tool. Benchmarking may use specific or generic data to determine what quality measures to employ. The benchmarking data could come from other organization in the same industry or other industries.

For example, a project manger in the financial industry may look at a project in the medical field that improved the account management process. The project manager could implement the benchmark quality best practices in their project.