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
R Company produces a range of hair and beauty products. T, the Finance Director, and P, the Marketing Director, are reviewing the outcome of some product portfolio analysis which h

Performance measurement: Performance measurement needs to be based upontimely measures of, and feedback on, performance. It provides information ontoday's service and gives an

Question 1: (i) What are the various aspects you would consider while planning to build a new international airport? (ii) With relevant arguments discuss the necessity or

• What do you consider are the leadership skills required of a project manager in relation to the processes involved in managing complex projects? • In any project it is important

Assume that you have been asked to procure a new integrated software application for patient records management for your local hospital. Describe the process you would follow to sh

Define how you would estimate the quality control and familiarisation activity. Quality control can be added like a percentage on top of all 'doing' activity like creating prog

Directing (leading) This is the function concerned with influencing organizational members to carry out their assigned roles and activities. This function includes motivation,

summarise the argument for such a policy of partnering with a major supplier such as BAA and MACE HAVE DON HERE

Goal A goal is a statement of where the organization wants to be at a specified time in the future. The purpose of goals is to provide direction to the organization. The steps

Each group is to produce a strategy development report on the Red Ocean strategy they will submit in the Blue Ocean Strategy Simulation Game Red Round, first year. Each group will