CFO Series: Quality is Free- But How do We Measure the Cost?
CFO Series: Quality is Free- But How do We Measure the Cost?
CPE Credit:
2
Overview
Description:
Customers demand quality. We expect quality in what we do and in what we consume. In 1985, Philip Crosby told us that quality is free. We will examine Crosby’s statement and look at the four aspects of the cost of quality – prevention, appraisal, internal failure, and external failure. What are the true costs associated with each of these elements? How can we determine how each aspect can be measured? We will test the adage that an ounce of prevention is worth a pound of cure to see if this 16:1 relationship holds true. Quality matters, and we need to know how to evaluate the true cost of quality and what the value is.
Field of Study:
Finance (2 CPE)
Instructor

Instructor:
Brian Maturi, MBA, FCA
Additional Details
Who should attend:
Corporate financial leaders, corporate financial managers, CEOs, CFOs, Controllers, accountants, Board members, advisors, and Consultants. CPAs in public practice and CPAs in industry. Business owners, entrepreneurs and professionals who are interested in understanding the true value of quality.
Program Level:
Intermediate
Program Content:
The major topics that will be covered in this course include:
- What do we mean by quality?
- Why does quality pay off?
- Total quality management, including lean and six sigma.
- The four elements of the cost of quality.
- Practical prevention activities.
- The necessity of appraisal and why quality cannot be inspected into a process.
- Sources of internal failure and other sources you may not have considered.
- External failure and the hidden costs of ‘shortcuts’.
- Creating an effective and actionable cost of quality report.
Learning Objectives:
After attending this presentation, you will be able to…
- Comprehend the process to determine the cost of quality within your organization.
- Recognize why quality matters and is so valuable.
Prerequisites:
None, preferred exposure to service, product and process quality issues.
Advanced Preparation:
None
Developed By:
The Knowledge Institute, LLC
Format:
Group-Internet-Based
Course Code:
KIBMQFB2
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CFO Series: Quality is Free- But How do We Measure the Cost?
Course Code:
KIBMQFB2
Program Level:
Intermediate
Description:
Customers demand quality. We expect quality in what we do and in what we consume. In 1985, Philip Crosby told us that quality is free. We will examine Crosby’s statement and look at the four aspects of the cost of quality – prevention, appraisal, internal failure, and external failure. What are the true costs associated with each of these elements? How can we determine how each aspect can be measured? We will test the adage that an ounce of prevention is worth a pound of cure to see if this 16:1 relationship holds true. Quality matters, and we need to know how to evaluate the true cost of quality and what the value is.
Program Content:
The major topics that will be covered in this course include:
- What do we mean by quality?
- Why does quality pay off?
- Total quality management, including lean and six sigma.
- The four elements of the cost of quality.
- Practical prevention activities.
- The necessity of appraisal and why quality cannot be inspected into a process.
- Sources of internal failure and other sources you may not have considered.
- External failure and the hidden costs of ‘shortcuts’.
- Creating an effective and actionable cost of quality report.
Learning Objectives:
After attending this presentation, you will be able to…
- Comprehend the process to determine the cost of quality within your organization.
- Recognize why quality matters and is so valuable.
Who should attend:
Corporate financial leaders, corporate financial managers, CEOs, CFOs, Controllers, accountants, Board members, advisors, and Consultants. CPAs in public practice and CPAs in industry. Business owners, entrepreneurs and professionals who are interested in understanding the true value of quality.
Developed By:
The Knowledge Institute, LLC
Instructor:
Brian Maturi, MBA, FCA
CPE Credit:
2
Field of Study:
Finance (2 CPE)
Prerequisites:
None, preferred exposure to service, product and process quality issues.
Advanced Preparation:
None
Format:
Group-Internet-Based
OR
Register By Phone: Call 877.370.2220 and press “1” for the webinar hotline to register
Price
Single Registration
$89.00
Upcoming Dates
- 11/7/2025 @ 11:00 AM
All times are Eastern Time Zone