The acronym "DMAIC" stands for Define, Measure, Analyze, Improve, Control, which is a data-driven improvement cycle used in project management and process optimization. This structured methodology is part of the Six Sigma framework and focuses on identifying problems, measuring performance, analyzing root causes, and implementing solutions to enhance processes. By following the DMAIC steps, organizations can achieve consistent quality improvements, reduce variation, and optimize operational efficiency, ultimately contributing to enhanced productivity and customer satisfaction.