Total Float:
Late Start date – Early Start date; Late Finish date – Early Finish date
Free Float:
ES of next Activity – EF of current Activity - 1
There is disagreement whether the first day of the project should be “1” or “0”.
In fact, both these conventions are correct. You are free to choose what you prefer. I choose to start my project from day “1”.
For details: https://pmstudycircle.com/2013/03/total-float-versus-free-float/
Failure Mode and Effect Analysis (FMEA) is a non-proprietary approach to Quality Management. This is an analytical procedure:
Each potential failure mode in every component of a product is analyzed to determine its effect on the reliability of that component and, by itself or in combination with other possible failure modes, on the reliability of the product.
Appraisal/Inspection Costs
Appraisal costs, which are also called inspection costs, are those costs which are incurred to identify defective products before they are shipped to customers. However, performing appraisal activities does not prevent defects from occurring. Most managers now realize that maintaining a team of inspectors is not an effective approach to quality control. A better approach is asking employees to be responsible for their own quality control, along with creating designs for how to manufacture a defect-free product. This approach allows quality to be built into the product, rather than relying on inspections to identify any defects.
If the project work is performed at the budgeted rate, the Estimation at Completion can be determined using the formula (EAC) = AC + (BAC – EV)
Important Site for Final week review:
http://howtoprepareforpmpexam.blogspot.in/
Late Start date – Early Start date; Late Finish date – Early Finish date
Free Float:
ES of next Activity – EF of current Activity - 1
There is disagreement whether the first day of the project should be “1” or “0”.
In fact, both these conventions are correct. You are free to choose what you prefer. I choose to start my project from day “1”.
For details: https://pmstudycircle.com/2013/03/total-float-versus-free-float/
Failure Mode and Effect Analysis (FMEA) is a non-proprietary approach to Quality Management. This is an analytical procedure:
Each potential failure mode in every component of a product is analyzed to determine its effect on the reliability of that component and, by itself or in combination with other possible failure modes, on the reliability of the product.
Appraisal/Inspection Costs
Appraisal costs, which are also called inspection costs, are those costs which are incurred to identify defective products before they are shipped to customers. However, performing appraisal activities does not prevent defects from occurring. Most managers now realize that maintaining a team of inspectors is not an effective approach to quality control. A better approach is asking employees to be responsible for their own quality control, along with creating designs for how to manufacture a defect-free product. This approach allows quality to be built into the product, rather than relying on inspections to identify any defects.
If the project work is performed at the budgeted rate, the Estimation at Completion can be determined using the formula (EAC) = AC + (BAC – EV)
Important Site for Final week review:
http://howtoprepareforpmpexam.blogspot.in/
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