http://pmpcentral.blogspot.

com
Project Selection Quality Management
FV Joseph Juran
PV =  80/20 principle
(1  n) r
 Involvement of management
NPV = PV - Costs  Fitness-for-use
Time Management W. Edward Deming
P  4M  O  Plan-do-act-check cycle
PERT Estimate =
6  TQM 14 points
PO  7 deadly sins
SD =
6 Philip Crosby
2
P  O  Cost of poor quality (non-conformance)
Var = 
 6   Prevention over Inspection
 Zero defect is the standard
Float (Slack) = LS – ES or LF – EF
 Quality means “conformance to
requirements”
Cost Management
Rough order of Magnitude (ROM) estimate
1 σ = 68.26%
 During project initiation  50% 2 σ = 95.46%
 During project planning  10 /  50% 3 σ = 99.73%
 During project definitive  10% 6 σ = 99.99%
CV = EV – AC Human Resource Management
SV = EV – PV Maslow's Hierarchy of Needs
EV  People look up to satisfy next higher level of
CPI =
AC needs only when they are satisfied with
EV lower level of need
SPI = Frederick Herzberg's Two-Factor Theory
PV  Hygiene Factors and Motivation Factors
EAC@ BudgetedRate = AC + BAC – EV  the absence of hygiene factors can create job
BAC dissatisfaction, but their presence does not
EAC@ CurrentRate = motivate or create satisfaction
CPI Douglas McGregor's Theory X & Theory Y
BAC  EV  Theory X - employees are micromanaged
EAC@ CPI & SPI = AC 
CPI  SPI  Theory Y - managers have trust in
ETC = BAC – AC employees
EV David McClelland's Achievement Motivation
% Complete =  100  People are motivated by the inclination to
BAC achieve obtainable goals and by feedback
VAC (Variance at Completion) = BAC – EAC Procurement Management
BAC  EV Workremaining CP  TP
TCPI = PTA =  TC
BAC  AC Fundsremaining BSR