Cost of Failure

1. Coming soon. (Source: Business Continuity Management Institute - BCM Institute) 2. A technique used to evaluate and measure the cost of failed actions and activities. It can be measured as a total within a period or an average per failure. An example would be 'the cost of failed changes per month' or 'the average cost of a failed change'. (Source: OGC, Information Technology Infrastructure Library (ITIL) v3)