Is the following problem statement well constructed?
"During 2012 the average cycle time for a Michigan factory product named "B352" was 237 seconds vs. a target of 218 seconds representing a gap of 19 seconds over the target, costing the company $9356 per month or $112k per year. The goal of this project is to reduce the "B352" cycle time to 218 seconds by the end of Q3 2013."