Exam Essentials

Be able to name the purpose for the Plan Procurements process. The purpose of the Plan Procurements process is to identify which project needs should be obtained from outside the organization. Make-or-buy analysis is used as a tool and technique to help determine this.

Be able to identify the contract types and their usage. Contract types are a tool and technique of the Plan Procurements process and include fixed-price and cost-reimbursable contracts. Use fixed-price contracts for well-defined projects with a high value to the company, and use cost-reimbursable contracts for projects with uncertainty and large investments early in the project life. The three types of fixed-price contracts are FFP, FPIF, and FP-EPA. The four types of cost-reimbursable contracts are CPFF, CPIF, CPF (or CPPC), and CPAF. Time and materials contracts are a cross between fixed-price and cost-reimbursable contracts.

Be able to name the outputs of the Plan Procurements process. The outputs of Plan Procurements are procurement management plan, procurement statements of work, make-or-buy decisions, procurement documents, source selection criteria, and change requests.

Be able to name the purpose of the Develop Human Resource Plan process. Develop Human Resource Plan involves determining roles and responsibilities, reporting relationships for the project, and creating the staffing management plan, which describes how team members are acquired and the criteria for their release.

Be able to identify the benefits of meeting quality requirements. The benefits of meeting quality requirements include increased stakeholder satisfaction, lower costs, higher productivity, and less rework and are discovered during the Plan Quality process.

Be able to define the cost of quality. The COQ is the total cost to produce the product or service of the project according to the quality standards. These costs include all the work necessary to meet the product requirements for quality. The three costs associated with cost of quality are prevention, appraisal, and failure costs (also known as cost of poor quality).

Be able to name four people associated with COQ and some of the techniques they helped establish. They are Crosby, Juran, Deming, and Shewhart. Some of the techniques they helped to establish are TQM, Six Sigma, cost of quality, and continuous improvement. The Kaizen approach concerns continuous improvement and says people should be improved first.

Be able to name the tools and techniques of the Plan Quality process. The Plan Quality process consists of cost-benefit analysis, cost of quality, control charts, benchmarking, design of experiments, statistical sampling, flowcharting, proprietary quality management methodologies, and additional quality planning tools.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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