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Discuss the "Cost of Quality" and is ramifications / implications in the organization -
COQ (Cost of Quality) means the financial number brought into play by project management personnel during the pronouncement making procedure. One should also keep in mind the actuality that COQ does not signify the price of putting forward quality goods or facilities; but it throws light on the aggregate costs required to bring poor quality commodities or facilities to the standards recognized by project management. Further, in actual sense it is coined as the price of not being efficient in offering a product or service of acceptable or good quality.
mention steps of project management
Balancing Efficiency An efficient line balancing will minimize the amount of idle time. The balance efficiency can be calculated as Eff B = output of task time / in
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
Define the role of initiation phase in the project management. Initiation phase: The initiation phase is the starting of the project. In this phase, the concept for the p
Net Present Value (NPV) analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflow and outflow to the
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)
Project process cycle Any project professionally planned will target specified goals within the framework of time with available resources. The project passes through the foll
How is Economic Order Quantity depended on costs? Economic Order Quantity depends on two costs as illustrated below: - Inventory procurement costs that consist of expenditur
What do you mean by variable costs? Variable costs conversely, tend to vary directly along with the volume of output. Illustrations of variable cost are as given below: direct
Question: a) Why are GSD projects more difficult to manage than single site collocated projects? b) Which agile practices would be easier to adopt, and which would be challe
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