February 2014
Intermediate to advanced
627 pages
22h 25m
English
Content preview from Quality Management for Organizations Using Lean Six Sigma Techniques
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244 Quality management for organizations using Lean Six Sigma techniques
• Subcontracted work
• Overheads
• Contingency funds
The timing of the revenues and costs also play a very important role. Sometimes the rev-
enues projected to be obtained might not be obtained because the funds were not avail-
able in the right time frame. The precision and detail of the project-planning phase plays
a very important role in the success of the project. The costs associated with each proj-
ect are obtained based on historical data, quotes, standard rates, or similar activities per-
formed previously. Estimates of project revenues are described based on four types of
measurements:
1. Budget—the plan of the total costs and cash inows expressed in dollar amounts ...
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