Project Management Professional (PMP) Practice Exam

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Study for the Project Management Professional (PMP) exam. Study with flashcards and multiple choice questions. With over 500 questions. Practice the PMP practice multiple choice questions. Updated for 2023-2025. Get ready for your exam!

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What are the cost types in modern quality management?

Costs of good quality – costs of bad quality
Planning costs – assurance costs – control costs
Planning costs – doing costs – checking costs – acting costs
Prevention costs – appraisal costs – failure costs

The correct answer is: Prevention costs – appraisal costs – failure costs

Modern quality management typically categorizes costs into four main types prevention costs, appraisal costs, failure costs, and costs of good quality. Option A is incorrect as it only mentions two of these types, without including prevention costs and appraisal costs. Option B and C are not completely inaccurate, as these costs are associated with quality management, however, they are not recognized as the standard types in modern quality management. Therefore, D is the correct answer as it includes all four of the commonly acknowledged cost types in quality management.