A free-trade area is the region encompassing a trade bloc whose member countries have signed a free-trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers â import quotas and tariffs â and to increase trade of goods and services with each other.
The team can use interviews or written surveys to identify target values to use as goals for improving the product or service produced by the process. Identifying a problem associated with the process helps define the process improvement objective.
Process is a repetitive collection of interrelated tasks aimed at achieving a certain goal. Project is a unique endeavour with a beginning and an end undertaken to achieve a goal. Process management has emphasis on increasing repeatability of the tasks, efficiency (descreasing time needed, reducing cost), increasing quality (including consistency in quality).