Yield refers to the ratio of successful output to total input in a project or production process. It measures efficiency and quality, particularly in manufacturing, software development, and project deliverables.
Formula:
Yield=Successful OutputTotal Input×100%Yield = \frac{\text{Successful Output}}{\text{Total Input}} \times 100\%
For example, if a factory produces 1,000 units and 950 are defect-free, the yield is:
9501000×100=95%\frac{950}{1000} \times 100 = 95\%
Why It Matters in Project Management:
✔ Helps assess productivity and process efficiency.
✔ Identifies waste and inefficiencies in production or development.
✔ Plays a crucial role in Six Sigma and Lean methodologies to improve quality.
Challenges:
⚠ Low yield indicates high defects, leading to increased costs.
⚠ Requires constant process optimization to maintain high efficiency.
