The issue of parameter setting of an algorithm is one of the most promising areas of research. Particle Swarm Optimization (PSO) is population based method. The performance of PSO is sensitive to the parameter settings. In the literature of evolutionary computation there are two types of parameter settings - parameter tuning and parameter control. Static parameter tuning may lead to poor performance as optimal values of parameters may be different at different stages of run. This leads to parameter control. This chapter has two-fold objectives to provide a comprehensive discussion on parameter settings and on parameter settings of PSO. The objectives are to study parameter tuning and control, to get the insight of PSO and impact of parameters settings for particles of PSO.