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The project stakeholders are somewhat concerned about the costs of delivering a quality product...

While they want to make sure that the customer receives a high quality product they want to ascertain that the benefit of making certain quality improvements will actually translate into something the customer will buy. The process of comparing the quality expense to potential return on investment is called:

a. Quality ROI

b. Process analysis

c. Monte Carlo analysis

d. Marginal analysis

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/05/22
Sathish Prabhu.V
by Sathish Prabhu.V , Manager - Operations & Process Improvement , Revolution Valves

Marginal Analysis should define the cost to value ratio in delivering quality product

Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

D – This defines a marginal analysis: where the benefits from improving quality equal the costs to achieve that quality. In this case, if the costs to make improvements does not translate into something the customer will pay for, then it may not be beneficial to make the improvement

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