Digital Twin
A digital replica of a physical entity, used to simulate, analyze, and optimize real-world operations.
20 topics found for
“cost analysis”
Demand Forecasting
The process of predicting future customer demand using historical data and other information.
ROI
Return on Investment (ROI) is a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of different investments.
Static Testing
A testing method that examines the code, documentation, and requirements without executing the program.
Red Ocean
A market space that is already crowded with competition, where companies fight for market share, leading to intense rivalry and lower profitability.
Negative Float
A scheduling term that indicates a delay in the project timeline that cannot be recovered.
Six Sigma
A data-driven methodology aimed at improving processes by identifying and removing defects, and reducing variability.
7 Wastes
A Lean methodology concept identifying seven types of waste in processes to improve efficiency.
MVP
Minimum Viable Product (MVP) is a version of a product with just enough features to be usable by early customers who can then provide feedback for future product development.