How can improve profitability of a company, Project Management

Assignment Help:

Question:

Construction of the toy factory has been completed and it is entering its operational phase. The owners do not understand the fuss there is for quality control.

(a) Briefly explain the ways quality can improve profitability of a company.

(b) One of the owners has heard about TQM and you explained that it means the organization's culture being defined by and supports the constant attainment of customer satisfaction through an integrated system of tools, techniques and training. This involves the continuous improvement of organizational processes, resulting in high quality products and services.

Convinced by your explanation, the company has tried to implement TQM, but has been hindered and the management is not bale to understand why. Enumerate any six obstacles to implementation of TQM and how to counter them so that the implementation process can be a success.

(c) Projects terminate when the project is successful or the organization is no longer willing to invest the time and cost required to complete the project, given its current status and expected outcome. Describe the four common project termination method used in the industry.


Related Discussions:- How can improve profitability of a company

Describe one strategic management model/framework, DPW is a very victorious...

DPW is a very victorious home furniture company operating in P Country. It has a good reputation for being customer focused and giving value for money through its effective operati

Linear Programming Problem, Maximize Z= 3x1 + 2X2 Subject to the constraint...

Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0

Areas of key risk in project management, Areas of key risk in Project Manag...

Areas of key risk in Project Management Companies believe that the most critical risk they face is market or competitive risk. There are various other risks faced by organisati

The importance of each phases of the project life cycle, Question (a) D...

Question (a) Discuss the importance of each phases of the project life cycle (b) Assumptions make estimates more accurate. Do you agree with this statement? (c) Outline s

What are the disadvantage of top-down centralised approaches, What are the ...

What are the disadvantages of top-down centralised approaches? The disadvantages top-down centralised approaches: Project budgets can be imposed by using top-down which is c

Characteristics of process planning, Characteristics of Process Planning ...

Characteristics of Process Planning Since a process is required to manufacture a product it is necessary to plan the process. Process planning comes after it has

Characteristics of flexible manufacturing system, Characteristics of Flexib...

Characteristics of Flexible Manufacturing System An FMS is a process technology that can product a moderate variety of products in modest volumes and can do so quickly and wit

Application development for the multinational, Question: (a) What coul...

Question: (a) What could be the motivations for a large multinational to offshore its application development? (b) What could be the risks of offshoring application develo

Functional requirements for an exhibition management system, Question: ...

Question: (a) Consider the following quality goals and provide a way to make the goal more tangible such that it can be easily verified: ?Software should be user friendl

Feedback mechanism - element of total quality management, The customer fee...

The customer feedback and employee feedback mechanisms are the essential requirements to create customer oriented quality culture. These feedback mechanisms perspectives an ac

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd