Quality Cost Analysis
Quality Cost Analysis is a strategic Quality Assurance technique that quantifies the total cost of quality-related efforts and deficiencies. This includes preventative, appraisal, and failure costs, providing crucial insights to optimize process efficiency, enhance product quality, and ultimately, achieve significant cost savings.
Level 1: Emerging
At an emerging level, you are developing the skills to identify, collect, and analyze quality cost data. You are starting to understand how it contributes to quality assurance strategies.
Level 2: Proficient
At a proficient level you are able to conduct thorough Quality Cost Analysis to identify areas for improvement, optimizing resources and reducing costs while maintaining high quality standards in your organization.
Level 3: Advanced
At an advanced level you are able to conduct comprehensive quality cost analysis to identify areas for improvement and implement strategies to optimize quality assurance processes within the organization.
