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

Develop and agree a process model for a project, Why is it significant that...

Why is it significant that the project team and the users develop and agree a process model for a project? Any project is a cooperative venture among the clients/users and the

Management responsibility on quality control, Management Responsibility ...

Management Responsibility a. The quality policy shall be defined documented understood implemented and maintained. b. Responsibilities and authorities for all personn

Factors affecting process planning - processing method, Processing Method ...

Processing Method The process by which  product is made has a direct impact on the  process planning because variation of the  process will vary  the type of machine  tool, eq

Types of histograms, H i stograms are of five types. They are: B...

H i stograms are of five types. They are: B ell shaped: It can be applied for concepts such as average and standard deviation. D ouble peaked: It is used to com

Market testing and commercialization, Q. Market Testing and Commercializati...

Q. Market Testing and Commercialization? The new products are tested in  the  markets on four parameters:  trial, first purchase, adoption, frequency  and volume. This test mar

Earliest time the recruitment campaign can start, ST is the operations dire...

ST is the operations director of F Bakery. He is in the process of putting together a project plan for the introduction of a latest production plant that will enable the bakery to

Differential costing, application of differential costing in project

application of differential costing in project

Saving culture and project development, student in project management reque...

student in project management request topic on saving

Verification and validation process, Verification is the process by which o...

Verification is the process by which one can ensure that a model is performing as expected or intended. The process of verification is a challenging one for the project concerned a

Back to school crunch at global green books publishi, what risks can you id...

what risks can you identify? why are they risk to global green books publishing?

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