Fredrika has been asked to develop a Pareto Priority Index for a process improvement project. She and her team have researched the situation and developed the following parameters:
Estimated lifetime cost savings: $200,000
Total estimated cost: $50,000
Forecasted project success probability: 70%
Estimated project duration: 2 years
Given this information, what is the Pareto Priority Index?
A) 1.4
B) 11.43
C) .25
D) 2.8
E) 4.0

Question

Fredrika has been asked to develop a Pareto Priority Index for a process improvement project. She and her team have researched the situation and developed the following parameters:
Estimated lifetime cost savings: $200,000
Total estimated cost: $50,000
Forecasted project success probability: 70%
Estimated project duration: 2 years
Given this information, what is the Pareto Priority Index? 
A) 1.4
B) 11.43
C) .25
D) 2.8
E) 4.0

Quizplus · Accepted Answer

The Answer of Fredrika has been asked to develop a Pareto Priority Index for a process improvement project. She and her team have researched the situation and developed the following parameters:
Estimated lifetime cost savings: $200,000
Total estimated cost: $50,000
Forecasted project success probability: 70%
Estimated project duration: 2 years
Given this information, what is the Pareto Priority Index? 
A) 1.4
B) 11.43
C) .25
D) 2.8
E) 4.0

Fredrika Has Been Asked to Develop a Pareto Priority Index