Key Process Variable

 

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Key Process Variable

A component of the process that has a cause and effect relationship of sufficient magnitude with the Key Quality Characteristic such that manipulation and control of the KPV will reduce variation of the KQC and/or change its level.



Similar Matches

Variable cost

Variable cost

The portion of a firm or industry's cost that changes with output, in contrast to fixed cost.


Dependent variable

Dependent variable

Term used in regression analysis to represent the element or condition that is dependent on values of one or more other variables.


Variable price security

Variable price security

A security that sells at a fluctuating market-determined price stocks and bonds are example.


Variable interest rate

Variable interest rate

A loan rate that moves up and down based on factors including changes in the rate paid on bank certificates of deposit or Treasury bills.


Standard variable rate

Standard variable rate

A mortgage lender's main interest rate, which fluctuates with changes in the base rate.


Further Suggestions

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Strategic variable
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Endogenous variable
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Exogenous variable


 
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