What are the two essential elements of quality cost performance reports?

Question

Quizplus · Accepted Answer

The two essential elements of quality cost performance reports are actual outcomes and expected outcomes. Actual outcomes refer to the actual cost and quality performance, while expected outcomes refer to the planned or budgeted cost and quality performance. By comparing actual outcomes to expected outcomes, the organization can identify variations and take appropriate corrective actions. Kaizen standards and Taguchi quality loss function are techniques for improving quality, but they are not essential elements of quality cost performance reports. AQL (Acceptable Quality Level) is a standard for acceptable quality, but it is also not an essential element of quality cost performance reports.

What Are the Two Essential Elements of Quality Cost Performance