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

#title.Risk management and procurement, Critically evaluate the use of comp...

Critically evaluate the use of complex models of Project Risk and Procurement Management; systematically and creatively making sound judgements based on the systematic analysis and

How to measures re-work for the product, Re-work effort (hours, as a percen...

Re-work effort (hours, as a percentage of the creative coding hours) Re-worked LOC (source lines of code, as a fraction of the total delivered LOC) Re-worked software compone

Too much too soon, What is operational and behavioural symptoms

What is operational and behavioural symptoms

Objectives of materials management, Objectives  of Materials Management: ...

Objectives  of Materials Management: 1. Low  prices: Obtaining  the least possible  price  for purchased materials is the  most  obvious  purchasing  objectives and certai

Explain the tool of total quality improvement, Question: As the Managin...

Question: As the Managing Director of your organization, you have been analyzing other institutions that you regard as competitors. Extrapolating your current position up to t

ASF Mobile App Development, Australian’s Speleological App Project Speleolo...

Australian’s Speleological App Project Speleology is the scientific study of caves and other

Process planning, Process Planning Process planning is the systematic dete...

Process Planning Process planning is the systematic determination of method or process by which the product is to be manufactured economically and competitively within the limits

Describe reck and long''s purchasing development model, Describe Reck and L...

Describe Reck and Long's purchasing development model. Supply is now accepted as a more fundamental and strategic method when compared to purchasing. Twenty years ago Reck and

#title.Discountingw., what is the principle of discounting and what issues ...

what is the principle of discounting and what issues are critical in this process

What must be the responsibility of the project manager, What must be the re...

What must be the responsibility of the project manager into relation to the business case? Idyllically, the project manager must be appointed early adequate to give to the deve

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