Project Management
PMI Sites
Citizen Development
Register
Search

The Cost of Quality [Infographic]

From the The Money Files Blog
by
A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts. Written by Elizabeth Harrin from GirlsGuideToPM.com.
accounting | agile | audit | benefits | books | budget | business case | carnival | case study | change management | collaboration tools | communication | competition | complex projects | consultancy | contingency | contracts | corporate finance | cost | cost management | credit crunch | debate | earned value | estimating | events | FAQ | financial management | forecasting | future | general | green | interviews | it | leadership | measuring performance | methods | metrics | multiple projects | negotiating | news | organization | outsourcing | pmi | PMO | portfolio management | process | procurement | productivity | program | project closure | project data | project testing | qualifications | quality | records | recruitment | reports | requirements | research | resources | risk | ROI | ROI | salaries | scheduling | scope | social media | software | stakeholders | success factors | supplier management | team | timesheets | tips | training | transparency | trends | value management | vendors | video | virtual teams | workflow | show all posts

About this Blog

RSS

Recent Posts

5 More Cost Types to Include in Your Business Case

7 Types of cost for your business case

New Year Goals: 2023 Edition

4 Different Types of Estimating

How to show your project meets strategic objectives



Categories: cost, quality


Thinking about the cost of quality revolves around two things: how much it costs to comply with quality requirements and how much it costs to put problems right.

The infographic below shows the four considerations for working out the cost of quality for your project: prevention and appraisal before things go wrong, and dealing with internal and external failures in case they do.

Which of these do you use on your projects? Tell us more about how you manage the cost of quality in the comments below!

Posted on: October 12, 2021 02:00 PM | Permalink

Comments (4)
Please login or join to subscribe to this item
Network:240
virendrakumar sinha
Consultant, State water sanitation mission ,uttarakhand,india
DehraDun, Uttarakhand, India
Very good. Deserves congratulations.

Network:824
Manuel Ancizu
Program Manager Wind Energy, Siemens Gamesa Renewable Energy
Pamplona, Navarra, Spain
Very nice info graphic Elisabeth, thanks! The earliest a problem is detected and fixed, the less impact it has on cost; and I would say that external failure can lead also to a negative impact in image, customer trust and future sales while good quality fosters customer’s engagement and recurrence in sales.

Network:174
Michael Coleman
Memphis, TN, USA
Thank you, Elizabeth. This is a nice graphic presentation. Prevention and appraisal costs are highly important for preventing project work failures.

Network:234
Binay Samanta
Director, Project & Environment Consultants
DHANBAD, JHARKHAND, India
Very nice article Elizabeth. Quality is most important for marketing with customer satisfaction.

Please Login/Register to leave a comment.

ADVERTISEMENTS

"People are always blaming their circumstances for what they are. I don't believe in circumstances. The people who get on in the world are the people who get up and look for the circumstances they want and, if they can't find them, make them."

- George Bernard Shaw

ADVERTISEMENT

Sponsors



Newsletters

Jan 25: Are You Emotionally Intelligent?
Jan 18: Unleashing the 'Pow!' in Power Skills
Jan 11: Why Do We Make Change So Difficult?

See all newsletters