Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins

Question

Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins

Edition 5ISBN: 0073526940

Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins

Edition 5ISBN: 0073526940

Exercise 66

Discuss the difference between goalpost conformance and absolute quality conformance.

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Answer 1

Conformance:

Conformance simply means matching actual performance with standards set by management earlier. In other words, we can say specified quality is in accordance with targeted specification.