IPO-FAT Tool

A method of evaluating a business area to identify and prioritize potential opportunities. It explores the Inputs, Process, and Outputs (IPO Flow) of a business area from three perspectives: 1) Flow, 2) Accuracy, and 3) Timeliness. It can be used when a business area has several problems with potentially inter-related root causes and it's not immediately known what order to target the root causes and problems. It can also be used to find opportunities in a business area by exploring the inputs and processes in that business area from different perspectives.
Related StatStuff Video: 
   -Section 1-Introduction, Lesson #9 - Project Strategy Using the IPO-FAT Tool