A tire manufacturing company decided to improve the rubber extrusion process of tire products. The leadership set the primary goal of reducing wasted material in the process. If you are following the DMAIC methodology, which of the following would be most appropriate in the Measurement phase?

Prepare a project charter to define the problem accurately

Prepare a detailed analysis of data on the machines used in the extrusion process

Prepare financial analysis for the stakeholders

Create a data collection plan including measuring the amount of rejected material