Definitions
There is 1 meaning of the phrase
Failure Cost.
Failure Cost - as a noun
The costs that arise from the products/services not conforming to the requirements.
Example: "Inspection is never completely effective, so appraisal costs stay high as long as the failure costs stay high."
Hypernyms (Closely Related)
cost of qualityquality costHyponyms (Broadly Related)
Example Sentences
"The failure cost of the project was too high to continue with it."
"Management needs to consider the failure cost of their decisions before implementing any changes."
"Investing in preventive maintenance can help reduce the failure cost of equipment breakdowns."
"The company experienced significant failure costs due to a flawed product design."
"The failure cost of the marketing campaign was attributed to poor targeting."
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