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1. What is one of the primary uses of a Lean Six Sigma project cost benefit analysis?
Communicate to stakeholders the financial impact of the project activities
Approve and deliver payments to suppliers on the project
Prepare tax and compliance documentation for submittal
2. Which of these would likely be considered a benefit in a Lean Six Sigma cost benefit analysis?
Reduced inventory holding costs because of faster cycle times
Improve customer satisfaction because of the problem resolution
Salary and benefits for Lean Six Sigma project team member
3. Which of these would likely be considered a cost in a Lean Six Sigma cost benefit analysis?
The cost of calibrating new equipment and gauges created as part of the project solution
The ongoing cost of the salary of the process operators
Reduction in the scrap costs associated with the process
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