What analysis technique focuses on identifying the relationship between various elements in a process?

The reason Cause and Effect Analysis is the correct answer lies in its fundamental purpose of identifying and illustrating the relationships between various elements within a process. This technique, often visualized using tools like fishbone diagrams or Ishikawa charts, helps teams systematically explore the potential causes of a specific issue or effect. By mapping out these relationships, organizations gain insights into how different variables interact, allowing for more effective problem-solving and informed decision-making.

In contrast, other techniques serve different functions. Root Cause Analysis is primarily concerned with finding the underlying reasons for defects or issues, rather than mapping the connections between process elements. Cost-Benefit Analysis evaluates the financial implications of decisions or investments and does not specifically address relational dynamics within processes. Statistical Process Control focuses on monitoring and controlling processes through the use of statistical methods, which is more about maintaining process stability rather than understanding inter-element relationships. Thus, the emphasis of Cause and Effect Analysis on relational identification makes it the most suitable technique for the question posed.