Prevention Cost

Prevention Cost - The cost incurred by actions taken to prevent a nonconformance from occurring; one element of cost of quality or cost of poor quality.

[Category=Quality ]

Source: American Society for Quality, 12 October 2010 09:09:12, http://www.asq.org/glossary/

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Prevention Cost - Prevention cost

   Money required to prevent defects
   Money spent in establishing methods & procedures
   Money spent in training
   Money spent in planning quality
   Spent before the product is actually built

[Category=Data Quality ]

Source: iSixSigma, 11 February 2011 11:01:08, https:web.archive.org/web/20111109014246/http:www.isixsigma.com/index.php?option=com_glossary