defects per million opportunities (DPMO)
Definition
A measure of the number of errors occurring in a business or manufacturing process. A process can have multiple opportunities for error per occurrence. The number of defects per million opportunities is used to establish a baseline level of performance, and to measure gains in performance as process improvement projects are executed. The Six Sigma methodology aims for a maximum of 3.4 defects per million opportunities.
Related Articles
- A Guide to Filing Your Tax Returns *
- Initial Public Offerings *
- "Sell Naked Put" Stock Option Investment Strategy *
- How to Set Up a Budget *
- The FOMC and its Impact on Monetary Policy *
- Credit Fraud and How to Protect Yourself *
- Annuities as an Investment For Retirement *
- What is a Credit Union? *
Related Videos
http://www.businessdictionary.com/definition/defects-per-million-opportunities-DPMO.html
