A cyno alt is used to move capital ships between systems. It's common for capital pilots to have one or more cyno alts trained up to help them reach various destinations.
Note that certain cynosural classes can only be accommodated by specialized ships.
Similarly, the cynosural class Capital Jump Drives can lock into is also limited.
Start by training Cybernetics I and plugging in int/mem +3 implant. Remap to 27 Int/21 Mem.
Remap: i27 p17 c17 w17 m21
Total time: 5 days, 8 hours, 20 minutes
+3 Int and Mem implants will save you 20h 52m 10s
+4 Int and Mem implants will save you 1d 2h 40m 41s
Last thing you can do is remap back to max per/will and train to use an industrial instead if you don't intend to do Frigate Cynos. Industrials let you light more cynos with out having to refill but are more expensive to use. Generally you use Frigate Cynos on Stations as you will likely get blown up and Industrial Cynos on POSes where you have defenses. To maximize the life of the Industrial before remaping to Per/Will train some Anchoring and Star Base Defense to man your own guns so that you don't have to wait for them to start targeting.
Do not use an amarr character for a rookie ship cyno alt
CCP cut the cargohold for the impairor to 115m3 so you can no longer fit enough ozone for a cyno without either training Cynosural Field Theory V or the skill for an Expanded Cargohold I. (Hull Upgrades I, Mechanics I)
Remap: i27 p17 c17 w17 m21
Total time:8 days, 21 hours, 28 seconds
:+3 Int/Mem implants save you 1d 10h 43m
:+4 Int/Mem implants save you 1d 20h 22m
As of EVE Online: Inferno, you can now use rookie ships for cynos without the need for a Micro Auxiliary Power Core. This is more time-consuming to train than a regular frigate, but means you can just dump a pile of cynos at a station and you effectively have an unlimited supply of cyno ships there. It still fits on an alpha clone.
Remap: i17 p17 c27 w21 m17
Remap: i27 p17 c17 w17 m21
Total time: 16 days, 1 hour, 11 minutes, 57 seconds
Cost: 16,781,500
+3 implants (full set) save you 2d 14h 27m 5s
You can use rookie ships for cynos by putting a Micro Auxiliary Power Core in the low slot. You need Energy Management II for the MAPC and Cyno IV to hold enough ozone for one charge. This is more expensive than a Kestrel and more time-consuming to train, but means you can just dump a pile of MAPCs and cynos at a station and you effectively have an unlimited supply of cyno ships there. It still fits on an alpha clone.
This plan also allows you to use all T1 frigates, many T1 haulers, do POS shit, have 5 jump clones and use T1 afterburners, webs and cloaks for an awesomely robust cyno alt that still fits into an alpha clone.
Note that evemon says this guy comes out over 900k sp. It's wrong. Some stupid rounding shit or something probably.
This plan also assumes that you'll be starting with an Amarr character. Rumours that ReK actually spends most of his time as a CVA role player are completely unfounded.
34 unique skills, 70 skill levels; Total time: 18 days, 1 hour, 11 minutes, 29 seconds; Cost: 13,564,500
Perfect cyno alt for keeping around the staging system. This dude can fly and fit all the usual stuff stocked by test_free: ewar frigates, tackle frigates, salvaging destroyers, and even the brobird.
On top of that it can light cynos from the usual cyno frigs, noobships (cyno 4 + MAPC), and pretty much any other T1 frigate with the assistance of expanded cargoholds. Also does 4 jump clones for stashing stuff in stations you don't have offices in.