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Key Process Input Variable (KPIV)

A key process input variable (KPIV) is a process input that provides a significant impact on the output variation of a process or a system or on the key process output variable (KPOV) of a product. This means that the KPOV is determined by the KPIV; so, if the KPIV is...

Scope Creep

Project Scope creep (sometimes known as “requirement creep” or even “feature creep”) refers to how a project’s requirements tend to increase over a project lifecycle, e.g. what once started out as a single deliverable becomes five. Or a product that began with three...

Subject-Matter Expert (SME)

A Subject-Matter Expert (SME) is a person with deep knowledge. They possess extensive expertise in a specific area. They have years of experience and training. This makes them highly valuable. Their insights are invaluable in various sectors, including education,...

Key Performance Indicator (KPI)

A performance indicator or key performance indicator (KPI) is a type of performance measurement. KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in...

Z-score

“In statistics, the standard score is the number of standard deviations by which the value of a raw score (i.e., an observed value or data point) is above or below the mean value of what is being observed or measured. Raw scores above the mean have positive...
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