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Scenario analysis

A measurement of the impact of simultaneous changes in variables and reflects a range of outcomes as reflected by a probability distribution.

Strategic plan

An outline of the direction of an organization; it outlines broad, long-term, significant plans and the methods and actions by which the […]

Salvage value

The estimated value of an asset if it is sold at the end of its depreciation period or service life. (sometimes called […]

Social Styles

Refers to the way people interact. Individuals may be analyzed by their desire for interaction, the way they achieve their goals, the […]

Silo effect

An organizational deficiency that occurs when staff can only think in terms of the needs of their specialty area. Once work is […]

Service quotient

A measurement of how satisfied occupants are with their service at a given point in time.

Stakeholder

Person or organization that can affect, be affected by or perceive itself to be affected by a decision or activity (also Interested […]

Shop drawings

Drawings prepared by the contractor and/or subcontractors that show the specific proposed method for fabricating and erecting in order to achieve the […]

Six sigma (6) quality

Used to indicate that a process is well controlled.

Scatter diagram

A quality control tool that plots pairs of numerical data (one variable against another on each axis) to determine whether there is […]