The Cost of Rework Drives a Rethink of IT Processes Research firm yoke released data showing that 40-50 percent of the work IT performs falls in to the rework category, a huge tax on their ability to deliver new functionality.
What does COR stand for?
COR stands for Cost of Rework (financial management)
This definition appears very rarely and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of COR
We have 190 other meanings of COR in our Acronym Attic
- Corporate Staff
- Corrected Observation (METAR code)
- Corrosive (fire diamond warning code)
- Cortisol (hormone)
- Cost of Revenue
- Council of Orthodox Rabbis
- Council of Record (United States District Court code)
- Council of Representatives
- Country of Residency (legal classification)
- Course Of Reaction
- Course Outline of Record (various universities)
- Corresponding Member
- Contracting Officer's Representative Delivery Order
- Contracting Officer Representative - Fire Department
- Research Institute for Cognition and Robotics (Germany)
Samples in periodicals archive:
It has reduced the cost of rework, resulting in a 93% decrease in deployment-related issues.
It's a little more difficult to capture the time spent re-working parts and re-testing them, but that can be done to find a cost of rework.
Whether a dedicated supervisor responsible only for rework, a floor supervisor who spends only some time in the area or a process engineer supervising temporary help for a given rework job, supervision of personnel is part of the effective cost of rework.
By eliminating the additional time and cost of rework and, just as important, the costs associated with constant and repetitive inspections, this type of quality has been proven to reduce costs.
What is the cost of rework and is it actually possible to determine what would need to be redone (what jobs to run, what documents to reenter).
The cost of rework is the cost from the previous day, the cost of the current day, plus the lost-opportunity costs of not running new product on the current day.
The report is accompanied by a Strategic Brief on the Cost of Rework Models for Agile and Non-Agile Projects, which provides economic models for evaluating software projects.