In order for management to initiate quality improvement programs and projects, a complete cost-benefit analysis (including a projection of how the improvement will incrementally affect total costs and total revenues) is necessary.

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A cost-benefit analysis is necessary for management to determine the potential benefits and costs associated with initiating quality improvement programs and projects. This analysis helps to ensure that the improvements will be economically feasible and sustainable in the long run, as well as providing insights into the expected returns on investment. A complete projection of how the improvements will incrementally affect total costs and revenues is therefore an essential part of this analysis.

In Order for Management to Initiate Quality Improvement Programs and Projects