A Value Analysis attempts to improve the value of a project using value engineering methodology. This is defined by the Value Methodology Standard, published by SAVE International. It is defined as an assessment of a product that attempts to minimize its cost in relation to its functions. Typically, a value engineering team meets for 1-3 weeks, during which they … [Read more...]
What is Value Engineering?
In most industries, standard methods of problem solving have been developed. For example, if you want to build a road from point A to point B and there's a stream in between, you build a standard type of bridge. Human nature tends toward the familiar. If that type of bridge was built many times before, all parties will tend towards duplicating the previous … [Read more...]
How to Use Tacit Knowledge for Competitive Advantage
Tacit knowledge is that which is not codified and transferable through written or oral language, for example personal experience. It is the opposite of explicit knowledge which is learned and can be repeated. Tacit knowledge is held by human beings; It is more difficult to obtain than explicit knowledge but has more value. Tacit knowledge is business … [Read more...]
PRINCE2’s Quality Management Approach
The Quality Management Approach specifies the methods the project will use to ensure quality in its end product. This includes specifying the quality standards the project will aim for, measurements to determine whether or not that standard has been achieved, and quality audits to find areas for process improvement. Composition The Quality management approach … [Read more...]
Project Quality Management According to the PMBOK
Project Quality Management is the 5th knowledge area within the Project Management Body of Knowledge (PMBOK). It contains the knowledge and processes required to ensure the highest quality products and deliverables are produced by the project. Although the highest quality should always be a goal, the highest grade is not necessarily so. Quality: The … [Read more...]
Planning for Project Quality
Project quality is a unique aspect of project management. The stakeholders are disappointed if the project does not meet the minimum quality standards, but achieving more than the standard is a waste of project resources and money. On top of that, the minimum quality standards are often difficult to define and subject to stakeholder whims, such as the tolerance levels … [Read more...]
The Quality Control Process
Controlling the quality of a project’s deliverables can be the silver bullet that makes everything else feel easy. Unfortunately it’s often easier said than done, but there are tried and true techniques that help you get there. On the flip side, a single poor quality deliverable can create a cycle of low performance, creating an environment where quality is not valued … [Read more...]
Project Quality Assurance
Performing quality assurance ensures that the processes are in place to produce the project deliverables at the applicable level of quality. Normally called QA, it is the process of auditing and analyzing the systems which produce a product in order to improve their quality. It should not be confused with Quality Control, which is a direct measurement of the … [Read more...]
Managing Project Quality
For engineers like me, quality is a big deal. Industry standard quality control dictates that most documents and designs require a "second stamp" i.e. a reviewer who takes as much responsibility as the designer. If non-engineering professions followed this practice, many project quality issues would be solved. The Project Management Body of Knowledge (PMBOK) values … [Read more...]
Do you Know Your Cost of Quality?
I listened to a presentation recently where the speaker suggested that the highest quality producer is usually the lowest cost one. Can that be true? And if so, how do you become part of that club? The Cost of Quality (COQ), sometimes called Cost of Poor Quality (COPQ) is a measure of the cost of producing the quality of products to the minimum desirable level. Most … [Read more...]