Choose Index below for a list of all words and phrases defined in this glossary.

Cost Model

index | Index

Cost Model - definition(s)

Cost Model - In order to calculate the costs of providing service it is necessary to design and build a framework in which all costs can be recorded and allocated or apportioned to specific Customers or other activities.  Such 'Cost Models' can be developed to show, for example, the cost of each service, the cost for each Customer or the cost for each location.  The usual start point is to develop a Cost-by-Customer Cost Model.

[Category=Data Quality ]

Source: iSixSigma, 11 January 2011 09:11:50, External 

Data Quality Glossary.  A free resource from GRC Data Intelligence. For comments, questions or feedback: