ICYB · Question #72
The ROI for a project is a measurement metric that stands for Return on Investment and is one of the methods used to measure the success of a Lean Six Sigma project.
The correct answer is A. True. ROI (Return on Investment) is indeed a valid and widely used measurement metric in Lean Six Sigma projects, making A (True) correct. It quantifies the financial benefit of a project relative to its cost, helping organizations determine whether the effort and resources invested…
Question
The ROI for a project is a measurement metric that stands for Return on Investment and is one of the methods used to measure the success of a Lean Six Sigma project.
Options
- ATrue
- BFalse
How the community answered
(33 responses)- A73% (24)
- B27% (9)
Explanation
ROI (Return on Investment) is indeed a valid and widely used measurement metric in Lean Six Sigma projects, making A (True) correct. It quantifies the financial benefit of a project relative to its cost, helping organizations determine whether the effort and resources invested produced meaningful value.
Why B is wrong: There is no basis for calling this false - ROI is explicitly taught in Lean Six Sigma methodology as one of several key metrics (alongside DPMO, sigma level, and cycle time) used to evaluate project success and justify project selection.
Memory tip: Think of the acronym ROI as your project's "report card" - just as a student's grades justify the investment in education, ROI justifies the investment in a Lean Six Sigma project. If leadership asks "Was this project worth it?", ROI is the answer.
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