Benefits from quality efforts, Project Management

Benefits from Quality Efforts

The benefit obtained from quality is creation of more efficient and effective operations. It helps to increase the customer satisfaction and their retention. Quality also results in producing defect free products which reduces cost.  It helps to enhance marketing and improve the employee motivation, awareness and morale. It helps promote international trade, increase the production and the profit by reducing the waste.

A quality project and product will yield greater customer satisfaction. If the requirements and expectations of the customers are met, there are two-fold benefits  -  loyal  customers  and  better  brand  image.  This  results  in  an increase in the customer database and hence a greater market share. The satisfied customer may perceive greater value than the originally anticipated one which will go beyond just customer satisfaction- it would delight the customer.

The reduced costs will help in obtaining a benefit. The quality processes can reduce the waste, improve the efficiency, and improve the supplies and all other things which mean that the project may cost less than planned. As the costs go down the profits might go up depending on the pricing arrangement in the contract, on which the project is based or the reduced costs might mean more sales to the existing customer within the existing profit margins.

The cost of the quality measurement system is the decision support system in the organisation to assist the management in initiating and supporting the significant improvement for the organisation.

The system will also allow the managers to view the components of the total cost, and the ratio of the cost to the value of products. This is vital for recognising the areas for improvement and the value addition for customers. Aim of the cost quality measurement is to make sure the prevention of any kind of the defects in the process of manufacturing and operations.

Better the products, better the project performance, and the lower costs will translate directly into the increased competitiveness in the ever-more-global marketplace. The essence of the quality is to improve the quality, reduce the costs, improve the productivity, capture the market, stay in the business and give more jobs.

Posted Date: 9/29/2012 1:11:21 AM | Location : United States







Related Discussions:- Benefits from quality efforts, Assignment Help, Ask Question on Benefits from quality efforts, Get Answer, Expert's Help, Benefits from quality efforts Discussions

Write discussion on Benefits from quality efforts
Your posts are moderated
Related Questions
Question 1: (a) Distinguish between Life Cycle Assessment (LCA) and Environmental Management System (EMS) and outline the benefits of implementing an Environmental Management

Problem 1: Describe the seven Baldrige criteria 1. Leadership 2. Strategic planning 3. Customer and market focus 4. Measurement, analysis and knowledge management 5. Human r

Question 1: (a) What are the principal stages of a project life cycle? (b) Describe fully the steps involved in the project planning process. Question 2: "Effective

What are the advantages of the revolution of changing in information technology? The positive side of the strides made within the realm of information technology is more benefi

Cost-reimbursable contracts  In cost-reimbursable contracts you pay the contractor the costs necessarily incurred in the construction plus a fee. The latter portion viz. the fe


Describe the roles of the sponsor. The sponsor’s role is to signify the organisation commissioning the project and to create the main business decisions relating this. The spon

Factor Affecting Process Planning Size and form of Raw Materials: Process planning actually starts with the blank selection. The blank or initial raw material may be ava

Scope of Activities for Supplier Quality In the current day's scenario, certain organisations outsource the movement of  raw materials sources and distribution channels in orde

I want to make a report on this topic by tomorrow morniing