Cost of quality

The cost of quality accounts for quality control and audit costs, such as the unnecessary costs of correcting for bad decisions. Costs of appraisal, inspection, and rework involved in the design and production process are covered in a cost of quality analysis. As such, cost of quality is an important tool for the project manager to identify failures in quality assurance in the early processes of design that evolve into costs downstream in inspection and rework.

Cost of quality analysis is scheduled late in the project process to identify the costs of quality control and inspection. The task involves collecting the actual labor and equipment costs involved with such activities.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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