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Certification

Cost of Quality: Finance for Continuous Improvement

(Formerly "Quality Cost Principles")

OUTLINE (Return to Main)

Lesson Title Lesson Topics By the end of this lesson, participants will be able to:
Lesson One:  Foundations of CoQ Course introduction and objectives

The fundamentals of CoQ:
• Historical quality and CoQ milestones
• Key change strategies and critical success factors that can assist efforts to implement CoQ measures
• The cornerstone Prevention, Appraisal, and Failure (PAF) model
• Characteristics of successful CoQ implementations and links to continuous improvement
• Identify the hallmarks of successful CoQ implementations and CoQ critical success factors.
• Discuss some ways that quality costs can affect their organizations.
• Identify and categorize cost elements using the Prevention, Appraisal, and Failure (PAF) model.
• Identify ways to integrate CoQ to continuous improvement.
Lesson Two:  Applying CoQ Application of CoQ principles to different types of quality initiatives and business environments • Identify how to apply CoQ to different types of quality initiatives or business environments.
• Perform a failure cost calculation.
• Perform calculations regarding supplier CoQ.
Lesson Three:  Blending Project-based and Systematic Quality Approaches How project-based and systematic CoQ approaches can support and benefit each other • Discuss root cause analysis in identifying quality problems.
• Identify advantages and disadvantages between the project-based and systematic CoQ approaches.
• Create a quality costs report and discuss aspects of a quality costs report.
Lesson Four:  Collecting and Analyzing CoQ Data Collecting and analyzing CoQ data to meet the business goals of reducing risks, lowering costs, and other business objectives • Identify ways that quality initiatives fail.
• Identify the six methods for collecting cost data and perform a prevention and failure cost calculation.
• Identify additional data collection methods and sources to isolate problems and calculate CoQ.
Lesson Five: Using CoQ for Continuous Improvement Key change leadership principles that can help participants and their organizations enable CoQ implementations to support continuous improvement.  • Identify key change agency and change leadership principles
• Link change leadership principles to their respective organizations’ CoQ and continuous improvement initiatives

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