Project Cost Management. Part – 1: Overview, Components, Value Engineering

Some Concepts in Project Cost Management

Costing Involves:
1. cost to purchase, develop i.e. to have the system
2. Operation cost
3. Cost to disposal

Value Engineering:
Get the most from a project
–decrease cost
–increase value
–increase quality
–shorten schedule
–keep project scope not reduced

  From: http://sitestree.com/?p=11494
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Post Data:2017-10-17 16:02:06

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Histogram:

Pareto chart: Histogram-shows defects ranked from greatest to least.

Pareto law: 80% problems come from 20% problems. Pareto chart is used to find the root causes of the problems.

Run Chart: Displays quality over time. Example: Time/month on X axis, defects per thousand on y axis.

Scatter Diagram: Plot all data and try to find the trendsStatistical Sampling: Take a sample randomly and measure quality

Inspection:

Defect repair review From: http://sitestree.com/?p=11488
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Post Data:2017-10-17 15:54:06

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Control Charts:

Uses statistical sampling and known as statistical process control.

Example:

take quality measurements of different samples. Find the average quality. Draw a line with the average quality. Plot all the samples’s quality. Draw the line for upper quality limit. Draw the line for lower quality limit. If all/most points are in between the process may be in control. If seven consecutive samples fall on one side of the average line the samples must be inspected.

Flowcharting:

Shows how different components relate and determine where quality problems may occur. Example: Cause and effect diagram From: http://sitestree.com/?p=11486
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Post Data:2017-10-17 15:39:47

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Quality Control
Quality Control checks if the quality requirements are met or not. It is done throughout the process/development/production life cycle.Quality Control uses statistical sampling

Tools for Quality Control:
Cause and effect diagram: Shows how different factors relate together and affect the quality From: http://sitestree.com/?p=11484
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Post Data:2017-10-17 15:37:34

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Quality Assurance
Remember it is not quality control, it is just executing the development in such a way so that the quality requirements are met

Input:
Quality management plan
Quality metrics
Quality control measurements

(Details will be added at a later time) From: http://sitestree.com/?p=11482
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Post Data:2017-10-17 15:35:20

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Quality Assurance
Remember it is not quality control, it is just executing the development in such a way so that the quality requirements are met

Output:
Requested changes
Requested corrective actions
Modifications to Project management plan

(Details will be added at a later time) From: http://sitestree.com/?p=11480
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Post Data:2017-10-17 15:33:36

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Quality Assurance
Remember it is not quality control, it is just executing the development in such a way so that the quality requirements are met

Output:
Requested changes
Requested corrective actions
Modifications to Project management plan

Input:
Quality management plan
Quality metrics
Quality control measurements From: http://sitestree.com/?p=11478
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Post Data:2017-10-17 15:31:05

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Tools:
Cost benefit analysis
Benchmarking
Cost of quality

(Details will be added at a later time) From: http://sitestree.com/?p=11476
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Post Data:2017-10-17 15:28:43

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Quality planning – plan

Identify quality specifications and requirements for the project. Plan hos the quality specifications will be met.

Output:
Quality management plan
Quality metrics
Quality checklists
Process improvement plans
Quality baseline

(Details will be added at a later time) From: http://sitestree.com/?p=11474
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Post Data:2017-10-17 15:26:50

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Project Quality Management

Quality management has three aspects:
1. Quality planning – plan
2. Quality Executing – quality assurance – execute
3. Quality controlling – monitor and control

(Details will be added at a later time) From: http://sitestree.com/?p=11472
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Post Data:2017-10-17 15:24:11

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