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

Identify the characteristics of the organisation, M is a business that sell...

M is a business that sells custom made computer-based information systems. Every customer order is for a unique system, which will contain experts from many functional areas within

Selection criteria for process layout, Normal 0 false false ...

Normal 0 false false false EN-IN X-NONE X-NONE

Need for safety, Need for safety 1. Cost Saving: Two type  of costs ...

Need for safety 1. Cost Saving: Two type  of costs  are incurred by the management  when an accident  occurs. There are the  direct  costs in the  form  of compensation paya

Explain the scoring method for project selection, Question 1: Explain t...

Question 1: Explain the Scoring Method for project selection a) Un-weighted 0-1 factor method and Weighted factor scoring method b) Show the algorithm for solving the sh

Customer value - measure for project management value, C ustomer value ...

C ustomer value There is a considerable debate within the business world on whether the companies will have to deliver value for the shareholders or the customers. There are m

Explain about term performance management systems, Explain about the term p...

Explain about the term performance management systems in brief. Performance management systems: Measurement processes of frequently assessing a projects progress in oppos

Cost-reimbursable contracts , Cost-reimbursable contracts  In cost-reim...

Cost-reimbursable contracts  In cost-reimbursable contracts you pay the contractor the costs necessarily incurred in the construction plus a fee. The latter portion viz. the fe

Production tools, Improving the quality of manufactured parts and decre...

Improving the quality of manufactured parts and decreasing the production cycle time requires the use of high powered software programs integrated with computer controlle

What is the important role of Controlling in the management, What is the im...

What is the important role of Controlling in the management? Controlling: Controlling is described as which managerial function that seeks to make sure an absolute c

How to, i get stuck being on time and orginzed. please help. is this money?...

i get stuck being on time and orginzed. please help. is this money? thanks isabella

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