A project manager meets with the product manager and project team to discuss the results of the latest iteration. They also review the budget consumed to date on the project, specifically highlighting appraisal costs. What are appraisal costs?

A Costs expended to examine the product or process and make certain the requirements are being met.

explanation

Appraisal costs are associated with the cost of quality. Some examples of appraisal costs include inspection and testing.