Quiz 11: Project Risk Planning

Business

Plan Quality Management: It is a part of the project management plan which states how quality policies of organizations should be implemented. Components of plan quality management are given below: 1. Quality policy : The Company writes a policy describing the principles of achieving quality. This policy also states the benefits the company is willing to achieve through this quality level. 2. Quality management plan content : In this plan describe which quality standard will use in the project and how the project will implement by the project team. 3. Quality assurance : It is the process to judge the quality of the product whether the manufactured product is up to the mark as per requirement. It is the process of quality management that provides the confidence that quality is maintained. 4. Quality control : It is a process in which all the factors involved in the production process are received and theses quality is checked upon. Quality control ensures that all the quality requirements are fulfilled. It includes work performance reporting systems, activities, inputs and deliverables.

W. Edwards Deming developed knowledge system. W stated how companies operate as system that managers need insight in order to exactly predict the future and that leaders need to understand individual motivations. Four parts of W. Deming profound knowledge system are given below: 1. System: System is defined as a network of interdependent components that work together to fulfill the objectives. The aim of the system must be given by management. 2. Variation: Managers must understand the common and special causes of variation and then work to reduce both. 3. Knowledge: Knowledge helps people to understand that management in any form requires prediction. Managers in the organization need to learn from the past and understand the reason to predict future. 4. Psychology: Psychology helps to understand individuals, interaction between a manager and his employees, interaction between individual and circumstances and any other system of management.

A SIPOC diagram is an important tool which is used for gathering a snapshot of the process information. It stands for: S- Suppliers I- Inputs P- Process O- Outputs C- Customers Provided below is the SIPOC diagram of a husband preparing a cup of tea for his wife: img

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