Step 6: Important Notes in preparing a - high storage costs or highly perishable

Balance Sheet products

Balance Sheet - one of the five main
financial statements used by accountants Step 7: Reminders in Creating a Balance - low levels of product differentiation
and owners of corporate houses. Sheet
- strategic stakes are high
It is generally referred to as the financial
- high exit barriers
status statement or statement of financial
Quality Management
position - a diversity of rivals
1. Quality Assurance
- industry shakeout
2. Quality Control
Formula Used for a Balance Sheet
3. Quality Planning
Asset = Liabilities + Shareholder's Equity price elasticity

monopsony
Five (5) competitive forces that shape
Elements of a Balance Sheet
strategy
1. Assets When should Quality Management Starts in
1. Competitive Rivalry
a project?
2. Liabilities
2. Supplier Power
1. Design
3. Equity
3. Buyer Power
2. Procurement
4. Threat of Substitution
3. Pre construction
Sample Balance Sheet of A Sole
5. Threat of New Entry
Proprietorship 4. Construction Phase

Step 1: Gather the needed information. 4.1 Staking out / Lay out
The intensity of rivalry is influenced by the
Step 2: Prepare the heading. 4.2 Clearing and Excavating the land
following characteristics.
Step 3: Report all company assets. 4.3 Pouring the foundation / slab on
- a larger number of firms
grade
Step 4: Report all liabilities.
- slow market growth
4.4 Check the reinforcing steel (bend
Step 5: Report the ending balance of capital.
- high fixed costs and re-bend test)
 4.5 Inspect the quality of Concrete
Core Test
Concrete Vibrators
5 Benefits of Quality Assurance Inspection
1. Improving Production Efficiency
2. Creating Cost Efficiency
3. Maintaining Customer Trust
4. Encouraging the business growth
5. Better work environment
Quality Control - the process of observing
and recording the outcomes of quality
operations in order to evaluate performance
and make necessary improvements.
5 Steps to improving Construction Quality
Management Process
1. Define and share the Acceptance Criteria
2. Create an Inspection Plan
3. Use checklists to conduct inspections
4. Correct deficiencies and verify acceptance
criteria
5. Prevent Future Deficiencies
Quality control - about evaluating whether
the product of your project meets the
quality standards
Quality assurance - about ensuring that the
product is produced in the right way
Project Quality Planning (PQP)
includes:
1. Objectives
2. Processes
3. Roles and responsibilities
4. Applied standards
5. Metricts to measure quality
Project goal & expectations
1. Scope 2. Schedule 3. Budget
Honey Combing - a defect due to which
cavities and hollow pockets are formed and
coarse aggregates become prominently
visible in the concretes structure.