Boris wants to figure out how much more his company should invest into the quality of a certain product. What tool would be most effective for this exercise?
A)Fishbone diagram
B)Control chart
C)Run chart
D)Pareto chart
E)Marginal analysis

Question

Quizplus · Accepted Answer

A marginal analysis finds the point at which a company no longer receives incremental revenue for its incremental investment in quality. A company should invest in quality up to the point where marginal investment is equal to marginal return.
Key Takeaway: Conducting a marginal analysis is a true value added tool for a project manager. It requires substantial business knowledge and high-quality data to do this well.

Boris Wants to Figure Out How Much More His Company