Determining the Significance of Two Consecutive Fiscal Years of Non-Conformance Cost Data Set in Project Execution of Smart Grid

Miller F. Narvas, Yogi Tri Prasetyo, Reny Nadlifatin, Irene Dyah Ayuwati, Satria Fadil Persada*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Non-conformance cost is one of the key performance indicators in determining the success of executing a project. This study will substantiate the significance of two consecutive fiscal years of non-conformance cost data set in project execution of smart grid. A two-Sample T-Test was used to compare the means of two consecutive years' data sets. All the results of both fiscal years' data set were insignificant. Since it is insignificant, the best recommendation is to thoroughly review the lessons learned from the previous projects and implementation of preventive actions to mitigate or even prevent the occurrence/ reoccurrence of non-conformance and non-conformance costs. A continuous improvement in preventing failures will assure success and increase the profitability margin of the project.

Original languageEnglish
Title of host publicationProceedings of the 2023 6th International Conference on Computers in Management and Business, ICCMB 2023
PublisherAssociation for Computing Machinery
Pages128-132
Number of pages5
ISBN (Electronic)9781450398046
DOIs
Publication statusPublished - 13 Jan 2023
Event6th International Conference on Computers in Management and Business, ICCMB 2023 - Hybrid, Macau, China
Duration: 13 Jan 202315 Jan 2023

Publication series

NameACM International Conference Proceeding Series

Conference

Conference6th International Conference on Computers in Management and Business, ICCMB 2023
Country/TerritoryChina
CityHybrid, Macau
Period13/01/2315/01/23

Keywords

  • Fiscal years
  • Non-conformance
  • Project execution

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