Need a Cost of Quality Worksheet in Excel?

QI Macros has a Ready-Made Cost of Quality Template!

Why This Matters: Use this worksheet to evaluate the true costs of a defect or error. This is the foundation of making a business case for the change.

Example of QI Macros Cost of Quality Template for Excel

Cost of Quality Worksheet template

Go Deeper: To Complete the Cost of Quality Worksheet

  1. Identify each step in the Fix-it process.
  2. Assign a time in minutes to each task and a loaded rate.
  3. Identify any material costs associated with each step.
  4. Identify any external costs of this failure.
  5. Identify any lost opportunity, asset, or business costs.
  6. Set a target for reducing the error (e.g., 50%).
  7. Estimate the total cost of achieving this level of prevention.
  8. Evaluate ROI and payback period.

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The Cost of Quality Worksheet is one of many tools included in QI Macros add-in for Excel.

QI Macros adds a new tab to Excel's menu, making it easy to find any tool you need. If you can't locate a tool, use the find tools feature on the far right side of QI Macros menu.

find tools on QI Macros menu

Other charts in QI Macros add-in