Want 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
Go Deeper: To Complete the Cost of Quality Worksheet
- Identify each step in the Fix-it process.
- Assign a time in minutes to each task and a loaded rate.
- Identify any material costs associated with each step.
- Identify any external costs of this failure.
- Identify any lost opportunity, asset, or business costs.
- Set a target for reducing the error (e.g., 50%).
- Estimate the total cost of achieving this level of prevention.
- Evaluate ROI and payback period.
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Start creating your Cost of Quality Worksheet in just minutes.
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.