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Thanks for Coming But…

We’re glad you’re here but everyone’s packed up and left town. Please visit us at our new location at

http://www.projectsolversofamerica.com/blog .

Online Training

Project Management for Information Technology (4th Edition)
Cost: $499
25 PDUs!

Project management refers to the art, or science, of directing projects. This course, Project Management for Infor-mation Technology, focuses more specifically on how project manage-ment concepts can be applied to IT projects, as well as on project management issues that are unique to IT projects…. more

 

PMP 11 – PMP® Practice Exami-nations & Exam Strategies
Cost: $90.00
This course contains two 200-question PMP® Practice Exams cov-ering the Project Management Insti-tute’s standard, A Guide to the Project Management Body of Knowledge (PMBOK® Guide) . The practice exams provide a comprehensive review of the PMBOK® Guide . Learners will also review key… more

Podcast of the month

James Edgell, VP of Information Systems at Motient and host of Managing Soft-ware Development (The MSD Show) provides us with his experience of COQ as it relates to software develop-ment projects. He discusses a number of metrics that COQ, a Six Sigma tool, is characterized by.

 

Cost of Quality metrics:
-Creation, cost of 1st time product
-Prevention, cost to ensure faults are not injected during Creation phase
-Appraisal, the cost of verifying the product conforms to quality standards

James also provides examples on how to capture the metrics. One way he uses is via timesheets and has his people note them on those. He also gets them from his MS Project schedules (he describes how all this is done).
He provides an example where the COQ metrics determined the direction of where his company went regarding future projects and how they changed the way they did testing.

To hear the podcast (itunes) click here
[Note: the CofQ podcast is #4 in the list of topics]

Are you budgeting the Cost of Quality?

Many of you know that I teach a basic account-ing course for Project Managers. The PM‘s who take this course are interested in the accounting aspects of project management and the company. We as project managers are always concerned with the project schedule and the budget. This is what keeps us ―on point‖ with the project. But what about the costs of assuring that the project delivers a product that meets and exceeds the expectations of the stakeholders? In other words the cost of quality.

Last month in my article I said that at Ford Motors ―Quality is Job One‖. This statement has been around Ford for a long time, but, it wasn‘t until sales started falling and recalls got out of hand that the new and current president of Ford put in place quality standards for Fords projects and products. He came from the air plane manufacturing business and he knew that you must have a quality product or planes will fall out of the air. The cost of quality was put into place at Ford in order to save the business. Without a quality product Ford would continue its slide. It took GM longer to embrace this concept and we all saw the effects it had on GM vs Ford.

Your projects – what is the cost of not doing it right? Did you identify the risks of not doing it correctly or compromising on the project to meet the schedule? Last month I gave you seven quality management concepts (go to http://www.theprojectsolvers.com under Resources to see the Sept. 2010 newsletter). If you look at them it is fairly easy to determine the costs associated with each of them. It is these costs that must become a part of your budget. Only then will your budget be complete. After all, the budget for the project has to include all revenue, expenses, cost savings and now the cost of quality.

I‘ve also included a template on page 4 that I found on Ask Process for calculating the cost of quality in software. Email me if you‘d like it (it‘s in excel) and I‘ll send it to you.

- Al

Please send comments to agubiotti@theprojectsolvers.com

So What’s New?

Are you a PMP boot camp alumni and passed your PMP exam recently? Let us know!

This month Al is leaving for a 2- week vacation in Turkey (someone has to do it I guess!). Hopefully things will go well for him (just don’t watch Midnight Express be-fore you go :-) ). In the mean-while I will be heading off to Washington DC with Andrew Battisti to attend the PMI Leadership Conference. I wish I had the time to stay for the Global Congress but it will be four nights as it is. I’ll miss Bill Clinton too; he’s speaking just after I leave. On the other hand PMI wanted another $200 to hear Bill. Maybe an-other time… I will tweet from the conference though. Hey, maybe I’ll run into Bill in the lobby. I doubt he’ll be talking about projects; probably leadership. Guess he knows a little about being a leader. ;-)

I do plan to stop by Boston U’s booth there. They are holding a reception for

we PM students on Monday, and yes, I’ll miss that too; leaving on Sunday.

Hope to have lots of exciting stuff to share in the November newsletter!

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