Cost of Quality

on . Posted in Project Management Engineering

Cost of quality, abbreviated as COQ, is the sum of all costs associated with conformance and nonconformance.

 

Cost of Quality Formula

\( COQ \;=\;  AC + EFC + IFC + PC   \)
Symbol
\( COQ \) = cost of quality
\( AC \) = appraisal costs
\( EFC \) = external failure costs
\( IFC \) = internal failure costs
\( PC \) = prevention costs

 

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Tags: Cost