Examlex
A company is considering two projects, Project A and Project
B. The following information is available for each project:
Calculate the profitability index for each project. Based on the profitability index, which project should the company pursue and why?
DMAIC
An acronym for Define, Measure, Analyze, Improve, and Control; a data-driven quality strategy used for improving, optimizing, and stabilizing business processes and designs.
Benchmarks
Standard points of reference by which something can be measured or judged, often used for comparison to assess performance or quality.
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