When compiling a budget for a new bungalow build, there are many factors to consider. Primary construction costs include items such as materials, appliances, HVAC and plumbing and are usually the largest part of the budget, up to 50 percent in most builds.
Statistical process control (SPC) is a method of quality control which uses statistical methods. SPC is applied in order to monitor and control a process. Monitoring and controlling the process ensures that it operates at its full potential.
What is 'Quality Management'. Quality management is the act of overseeing all activities and tasks needed to maintain a desired level of excellence. This includes the determination of a quality policy, creating and implementing quality planning and assurance, and quality control and quality improvement. It is also referred to as total quality management (TQM). Next Up.