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IMPROVE - Coggle Diagram
IMPROVE
Solution selection matrix:
problem statement
validated root cause
potential solutions
practical method
rating solutions
effectiveness
feasibility
cost-benefit
overall score
take action
Cost benefit analysis
payback analysis formula: (cost of implementing solution)/(annual financial benefits - annual costs)
Net present value -adjusts
benefits and costs as time passes
Piloting solution
Planning implementation
Documentation
Training
Transition