A team has been assembled and assigned a project to reduce recent, unanticipated production cost overruns. Which of the following tools should the project team select to determine the possible origins of the increased costs?
Fishbone diagram is used for root cause identification based on several categories. It can also be used for risk and for quality.
Pareto diagram is used to determine what thing to fix first and what is causing the biggest impacts and defects.
The answer in this case is B
I think it is Pareto Chart, specifically a cost Pareto: https://www.pqsystems.com/qualityadvisor/DataAnalysisTools/pareto_diagram.php
UsePareto analysis if you want to know which category of problem is the most expensive in terms of some cost.
I think it is A, Pareto Chart. A Pareto chart is a basic quality tool that helps you identify the most frequent defects, complaints, or any other factor you can count and categorize including cost overruns.
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