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Accurate specification of requirements along with suitable-chosen quality standards is most likely to influence which of the five Rights?
See the explanation below.
Quality.
Specification is fundamental to receiving the right quality.
Standards can be seen as a form of specification intended for recurrent use (Lysons)
The objective of value engineering has been described as:
See the explanation below.
Value engineering, like value analysis, but at the design stage, seeks to create at least as great an output, but with fewer components / inputs.
Thinking in accounting terms, when the cost does not match the budget figure, there could be said to be a:
See the explanation below.
Actual cost and budgeted costs may / will vary. Examples might include materials variances and labour variances.
Use of competition is most obviously going to influence which of the following 'rights'?
See the explanation below.
All aspects of an acquisition may be impacted by the use of competition - normally favourably - but the one we are most likely to see immediate impact on is 'price'.
Cause and effect diagrams, also known as Ishikawa diagrams, are sometimes also known, because of their shape, as:
See the explanation below.
Fishbone diagram.
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