An Example Cost/Benefit Analysis for Quality Management Systems (QMS)

2001 ◽  
pp. 135-145
Author(s):  
Gregor Jahnke
Keyword(s):  
Quality Management ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Management Systems ◽  
Benefit Analysis ◽  
Quality Management Systems

scholarly journals Costs and Benefits of ISO9000-based Quality Management Systems to Construction Contractors

2012 ◽  
Vol 8 (2) ◽  
pp. 23-29 ◽  
Author(s):  
Thomas Ng ◽  
Ekambaram Palaneeswaran ◽  
Mohan Kumaraswamy
Keyword(s):  
Quality Management ◽  
Client Satisfaction ◽  
Cost Benefit ◽  
Senior Management ◽  
Management Systems ◽  
Operational Cost ◽  
Costs And Benefits ◽  
Quality Management Systems ◽  
Conservative Estimation

ISO9000-based Quality Management Systems(QMSs) have been widely applied by manycontractors with a hope to improve the productquality and hence achieve the desiredobjective of client satisfaction. However,setting up and implementing an ISO9000-based QMS is not without cost. Unless thecontractors can benefit from such system, it isunlikely that the senior management ofcontracting firms will commit to implement anISO9000-based QMS. In this paper, the costsof setting up and implementing an ISO9000-based QMS are assessed through aquestionnaire survey. The results arecompared with the benefits attained by thecontractors. It is found that contractors couldbe benefited from the use of ISO9000-basedQMS both tangibly and intangibly. Based on amore conservative estimation of some tangiblebenefits, a basic operational cost-benefit ratioof one to three was derived from the results ofthe survey. Since the latest version ofISO9000 has been fully implemented for anumber of years, the perception of contractorson the benefits gained after theimplementation of ISO9001:2000 is alsoexamined in this paper.

scholarly journals Does On-Farm Quality Assurance Pay? A Cost-Benefit Analysis of the Grainsafe Program

2007 ◽  
Vol 39 (3) ◽  
pp. 541-556 ◽  
Author(s):  
Umit Karaca ◽  
Corinne Alexander ◽  
Dirk Maier
Keyword(s):  
Quality Assurance ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Gm Crops ◽  
Farm Size ◽  
Quality Assurance Program ◽  
Equipment Management ◽  
Benefit Analysis ◽  
Quality Management Systems ◽  
On Farm

Since the introduction of genetically modified (GM) crops, the commodity grain system has been under pressure to segregate GM and non-GM crops. Starting at the level of the grain handler, members of the grain supply chain have successfully used quality assurance and identity preservation programs to segregate non GM crops. Producers delivering high-value, identity-preserved crops have become interested in implementing these quality management systems at the farm level. We conduct a cost-benefit analysis that shows that quality assurance program may be profitable for producers, depending on their farm size and equipment management strategy.

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