Benefits of project quality management, Other Management

Benefits of Project Quality Management

Let us now discuss the benefits of quality in project performance.

  • Customer satisfaction: It is the result of a quality project and product. If customers expectations are exceeded, the customer will not only readily accept the product but may come back for additional work when need arises. Satisfied customers may refer new customers generating additional work.
  • Reduced cost: Quality processes help in reducing waste, unnecessary work and rework. It improves efficiency and supplies resulting in actual cost of the project being less than planned. Reduced cost may mean increased profit or more sales to an existing customer within existing profit margins.
  • Increased competitiveness: Quality products and services, better project performance and reduced cost directly results in increased competitiveness in the global market-place.
  • Fulfilment of social and economic responsibilities: Competitiveness increases profit effecting global economy and gives an opportunity to employ more people a social responsibility.
  • W.Edwards Deming rightly stated: "Improve quality, reduce costs, improve productivity , capture the market, stay in business, provide more jobs"
Posted Date: 9/28/2012 4:59:57 AM | Location : United States







Related Discussions:- Benefits of project quality management, Assignment Help, Ask Question on Benefits of project quality management, Get Answer, Expert's Help, Benefits of project quality management Discussions

Write discussion on Benefits of project quality management
Your posts are moderated
Related Questions
QUESTION 1 Motivation is a vital condition of learning. Discuss the statement and suggest ways and means by which school learning can be effectively motivated QUESTION 2

User Approaches   We have seen the purpose and functions of a catalogue. By using a library catalogue we can find out the various documents available in the library, without ph

Locus of Control Many people see themselves as very much in control of their lives. From them some see themselves as not being in control of the events which is happening aroun


Reference Service:  Notwithstanding library catalogues and various other aids available for exploiting the library resources, users would frequently need some personal assista

Question 1 Define conflict. Discuss four ingredients of conflict Question 2 Discuss four different types of conflicts which may occur in any organization Question 3 List

The Three Card System: The Three Card System is a method introduced by Ranganathan. In this system three different cards of the size 5" X 3" are maintained for each periodical

QUESTION 1 Explain Intra-individual conflict with appropriate examples. QUESTION 2 Persons seeking compliance use certain tactics designed to tip the balance in their f

QUESTION 1 The Proven Path consists of a number of discrete steps. Explain the different steps of the proven path. QUESTION 2 One major step in getting organized is to

Question 1: (a) Using appropriate examples to support your answer, list five types of photography used. (b) Define the term "aperture" (c) Give two uses of an aperture (d