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
Total Quality Management (TQM) is a business management strategy aimed at embedding awareness of quality in all organizational processes. TQM has been widely used in manufacturing,

Compare and Contrast the KN346 investment and the "plain vanilla" alternative.

Scenario: You are a member of the Project Review team for CK Software Services. At the next meeting, the team will discuss the scheduling for the new automated teller machine (ATM)

You are to design a School.  You are to design the School to the requirements of the client, who will be informed by customer choices - these will be determined by market surveys c

ISO 9000 series of standards on quality system was formulated by international organization for standards in order to meet the requirements of internationally uniform q

AHOW TO FIND THE VARIANCE OF AN ACTIVITY AND THE THE PROBABILTY THAT A WORK WILL BE FINISHED IN A GIVEN NUMBER OF DAYSsk question #Minimum 100 words accepted#

Risk type  To identify specific problems in your project, you first need to categorise the risks.  The project constraints are  well-organised in the PERIL database, which are

Article Delivery Over Network Information System (ADONIS): ADONIS is a consortium of biomedical journal publishers that supplies full-text journals on CD-ROM for document deli

Question 1: (a) Briefly discuss features of learning organizations. (b) Identify two pitfalls in implementing ‘Citizen's Charters' in public sector organizations. Ques

Hello again... I am sorry that I keep sending paper back, but once again it does not include what is needed. I made comments on paper on how it needs to be broken down and what inf