Glossary / Lexicon

Deutsch: Schätzung / Español: Estimación / Português: Estimação / Français: Estimation / Italiano: Stima

Estimation in the context of quality management refers to the process of making informed guesses or calculations about various aspects of products, processes, or projects, such as costs, timeframes, resource requirements, and potential risks. It is a critical activity in planning and decision-making, enabling organizations to allocate resources efficiently, set realistic goals, and identify potential areas of improvement in their quality management systems (QMS).

Description

In quality management, estimation is used to predict outcomes and make strategic decisions based on available data, historical performance, and expert judgment. This process helps in setting achievable quality objectives, planning quality assurance and control activities, and managing customer expectations. Effective estimation requires a deep understanding of the factors that influence quality outcomes and the ability to analyze data and trends accurately.

Application Areas

Estimation processes are crucial across various facets of quality management, including:

• Project Management: Estimating time and resources required to complete Quality Improvement projects.
• Cost of Quality: Calculating the costs associated with achieving and maintaining quality standards, including Prevention, appraisal, and failure costs.
• Risk Management: Assessing the likelihood and potential impact of risks to quality, allowing for the development of mitigation strategies.
• Resource Allocation: Determining the resources needed for quality assurance activities, such as testing, inspection, and training.

Well-Known Examples

An example of estimation in quality management can be found in the development of new products. Companies often use estimation techniques to predict the costs of quality assurance measures, the time needed to achieve quality objectives, and the potential market response based on quality levels. These estimates are crucial for budgeting, pricing strategies, and scheduling production and launch activities.

Treatment and Risks

Inaccurate estimations can lead to missed deadlines, budget overruns, inadequate resource allocation, and compromised product quality. To enhance the accuracy of estimations, quality management practices often incorporate statistical methods, historical data analysis, and continuous feedback mechanisms. Regular review and adjustment of estimates based on actual performance and changing conditions are also essential to manage risks and ensure continuous improvement.

Similar Terms or Synonyms

In the context of quality management, related terms to estimation include forecasting, prediction, and approximation.

Weblinks

• umweltdatenbank.de: 'Schätzung' im Lexikon der umweltdatenbank.de (German)
• space-glossary.com: 'Estimation' in the space-glossary.com
• psychology-lexicon.com: 'Estimation' in the psychology-lexicon.com
• allerwelt-lexikon.de: 'Schätzung' in the allerwelt-lexikon.de (German)

Articles with 'Estimation' in the title

• Overestimation: Overestimation in the quality management context refers to the act of inaccurately evaluating a product, process, or capability as being of higher quality, reliability, or performance than it truly is
• Underestimation: Underestimation in the quality management context refers to the act of evaluating a process, capability, or resource as less significant, capable, or impactful than it truly is

Summary

In quality management, estimation plays a vital role in planning, decision-making, and resource allocation. By accurately estimating costs, timelines, risks, and resource needs, organizations can set realistic goals, implement effective quality control measures, and achieve high-quality outcomes. Continuous improvement of estimation processes, informed by data and experience, is crucial for maintaining efficiency and effectiveness in Quality Management Systems.

--