Gold in the mine is a

metaphor A metaphor is a figure of speech that, for rhetorical effect, directly refers to one thing by mentioning another. It may provide (or obscure) clarity or identify hidden similarities between two different ideas. Metaphors are often compared wi ...

for the potential savings in

quality improvement Quality management ensures that an organization, product or service consistently functions well. It has four main components: quality planning, quality assurance, quality control and quality improvement. Quality management is focused not o ...

efforts. It is essentially a restatement of the Pareto principle in the context of

quality costs In process improvement efforts, quality costs or cost of quality is a means to quantify the total cost of quality-related efforts and deficiencies. It was first described by Armand V. Feigenbaum in a 1956 Harvard Business Review article. Prior to ...

; digging in the right place can produce great savings, though investigating every possible opportunity is not economically feasible.

References

{{DEFAULTSORT:Gold In The Mine Metaphors Quality control