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What are some examples of project cost overruns in the construction industry?
Some examples of project cost overruns in the construction industry include unexpected site conditions, changes in project scope, delays in material delivery, and fluctuations in labor costs.
What are some examples of quality management plans that have been successfully implemented in various industries?
Some examples of successful quality management plans implemented in various industries include Six Sigma in manufacturing, Total Quality Management (TQM) in service industries, Lean management in healthcare, and ISO 9001 certification in the automotive industry. These plans focus on improving processes, reducing errors, and enhancing customer satisfaction.
Describe the advantages and disadvantages of standardization?
Key Features, Advantages, and Benefits of Standards Realize a direct return on investment by • lowering installation and startup costs • reducing need to maintain large inventories • enabling interchangeability of components. • improving design with less "custom" effort • increasing safety Use of standards in industry • improves communication • provides practical application of expert knowledge • represents years of experience and avoids necessity of starting each project from ground up. Standards help you achieve operational excellence by • improving performance • lowering maintenance Costs • reducing downtime • enhancing operability • saving money.
What is the advantages and disadvantages of subcontracting maintenances activities?
There are many advantages and disadvanatges to sub-contracting. Usually work will be subcontracted out to specialist firms with specialist skills that the main contractor cannot do as well. For example in the construction industry contractors will sub-contract different parts of the work out like the masonary, cladding, floor screeders etc. They do not only do this for the best quality of workmanship however they are also passing over responsibility of the build to the sub-contractor. Another advantage to sub-contracting work out is that is stimulates the economy and keeps alot of businesses alive which depend on the larger businesses which dominate the market share. It keeps a flow of money. The disadvantages are that with the pass over of responsiblity to a subcontractor, arguments can arise when something does go wrong between the Main contractor the secondry contractor and the sub-contractor. (is the subcontractor at fault for poor workmanship, or is the secondry contractor at fault for employing an inexperienced sub-contractor?)
Examples of classical and administrative models of decision making in any industry?
There are classical, administrative, and political models of decision making. Making a decision requires the use of logical selection based on facts.
What are the advantages and disadvantages of being a first mover in an industry give some examples?
The advantages of being a first mover in an industry is that you compete directly with the already established gurus.
What are the advantages and disadvantages to Jamaica of the holiday industry?
B
What is disadvantages and advantages of localization of industry?
Toto is invaluable
What are the advantages and disadvantages of being pioneers of new technology within an industry?
If the product is successful in the market you gain the economic profit and if the prodct fails you lose your investment.
Advantage and disadvantage of incentive in garment industry?
what are the advantages and disadvantages of incentive in garment industry ?
What is the Advantages disadvantages of current scenario in hospitality industry?
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What is the role of ict in the hospitality industry?
explain the importance of use of ICT in hospitality industry with the advantages and disadvantages
What are the advantages and disadvantages of planes?
Advantages time saving speed very big industry- creates lots of jobs Disadvantages costly on your pockets costly on environment
What are the advantages and disadvantages Enzymes in industry?
biological detergents and other stuff like that
What are the advantages and disadvantages of tourist industry in Latin America?
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What are the advantages and disadvantages of tourist industry?
the advantages are that they benefit the country and gives back money when they come to stay at the resorts
Advantages and disadvantages of small scale industry in India?
The advantages of small scale industry in India, can include closer supervision, better employee relationships, and simple management procedures. The disadvantages of small scale industry in India can include higher production costs, competition problems, and funding difficulties.
