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

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.