Is no one using FMEA is financial services industry or investment banks. Please do let me know if you have customized the rating scales for Severity, Occurrence, and Detection. Thanks in advance.
Your BB is correct I will give you some examples of data types.
Data types are two but what you have written below is permutations and combinations possible for these data types.Fpr X(Output) and Y(Input)
1 Continous-Which can be further divided into different units(AHT,length)
2 Discrete-Who;e numbers (total no of people,errors)
The explainations given by all of you are great. Its
just a matter of how one understands it. Let me try
to make it little simple (for a practitioner):
0- Null hypothesis is status quo, that is, true till proven wrong
1- Whatever you’re trying to prove is HA (Opposite of Ho), i.e., prove if there is a difference between means, medians,…[Read more]
Hi Hariri,Non-normal data tells u more stories about the process than normal data. Right skewed histogram also tells you the story. Typically the bars that you see towards extreme right could represent instances of special causes of variation. You can therefore, analyse those instances in greater detail and find out reasons of their occurrence. If…[Read more]
DPMO computations in software based on functional or even non-functional requirements as an opportunity could be misleading. Because for the decently sized project the number of opportunities will be a lot and hence the DPMO numbers might reflect a rosy picture, which may not be a true picture perceived by the customers.
Also, considering Line of…[Read more]
Below are some companies from different locations around the world: