74 + If Amol, a Green Belt of a Six Sigma project, misses to re-validate the Cost Benefit Analysis in the Improve phase and the cost benefit equation changes, which of the following challenges can he face? Amol may miss to document any potential change in the cost assumptions that were taken at the beginning of the project Amol may announce that his project has saved USD 90,000, but later finds out that his project has only saved $36,000 as the earlier cost assumptions became obsolete by the end of the project a Amol may have to make last minute adjustments in Cost-Benefit calculations when he is about to present his project to the Champion D Amol may get reprimanded by the Project Champion as the Cost Benefit Analysis (which is considered to be a vital component of any Six Sigma project) had incorrect assumptions E All of the above
74 + If Amol, a Green Belt of a Six Sigma project, misses to re-validate the Cost Benefit Analysis in the Improve phase and the cost benefit equation changes, which of the following challenges can he face? Amol may miss to document any potential change in the cost assumptions that were taken at the beginning of the project Amol may announce that his project has saved USD 90,000, but later finds out that his project has only saved $36,000 as the earlier cost assumptions became obsolete by the end of the project a Amol may have to make last minute adjustments in Cost-Benefit calculations when he is about to present his project to the Champion D Amol may get reprimanded by the Project Champion as the Cost Benefit Analysis (which is considered to be a vital component of any Six Sigma project) had incorrect assumptions E All of the above
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
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