Johnson Hardware Company was founded in 1855 and is the oldest company in Nebraska. The company is based in Omaha, with branch locations in Lincoln, North Platte, and Grand Island, Nebraska and Dodge Center, Minnesota.
What is a Benefit-Effort-Racit matrix? A Benefit-Effort Racit matrix can be best defined as a graph that first of all details the benefit a potential initiative can bring versus the effort in terms of time and resources required with the addition of a project timeline, including Start and End Dates.
For businesses engaged in Lean Six Sigma activities, one of the primary desired benefits is a reduction in costs associated with improvements to processes to require less time (and employee resources) and to decrease defects or errors that can result in rework.