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Process capability index
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Everything about Process Capability Index totally explained

In process improvement efforts, the process capability index or process capability ratio is a statistical measure of process capability: The ability of a process to produce output within specification limits (USL and LSL, not to be confused with control limits, UCL and LCL). The concept of process capability only holds meaning for processes that are in a state of statistical control. If the upper and lower specifications of the process are USL and LSL, the target process mean is T, the estimated mean of the process is hat far from T) or with high variation. Fixing values for minimum "acceptable" process capability targets is a matter of personal opinion, and what consensus exists varies by industry, facility, and the process under consideration. However, at least one academic expert recommends the following:
Situation Recommended minimum process capability for two-sided specifications Recommended minimum process capability for one-sided specification
Existing process 1.33 1.25
New process 1.50 1.45
Safety or critical parameter for existing process 1.50 1.45
Safety or critical parameter for new process 1.67 1.60
Six Sigma quality process 2.00 2.00
It should be noted though that where a process produces a characteristic with a capability index greater than 2.5, the unnecessary precision may be expensive.

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