Category: Methodology
TEAM: Meeting Your Project Goals
Published:When you are part of an organization that is working towards goals, you are part of a team. A team moving toward hitting milestones can sometimes need to generate excitement and motivation while inching toward the goal line. This is why we have acronyms like TEAM. An acronym like TEAM can be used […]
Read more ยปPDCA vs. OODA: What’s the Difference?
Published:What Is PDCA? The Plan-Do-Check-Act (PDCA) method is a framework used to achieve continuous improvement in a particular organization or process. Itโs also known by several other names, including the Deming wheel, the Shewhart cycle, and the control circle. Even though the method was originally rooted in quality control, it has since been […]
Read more ยปContinuous vs. Attribute Data: Whatโs the Difference?
Published:What is Continuous? Continuous data refers to numerical data with any value within a certain range. The values have infinite possibilities, but they all fall within a range. These can be whole numbers or decimals measured using data analysis like skews and line graphs. This kind of data can change over time and […]
Read more ยปThe Science Behind Decision Making: Analytic Hierarchy Process Explained
Published:When faced with multiple decision criteria, how do you prioritize them? Do you flip a coin or use something more structured? You might want to consider using the Analytic Hierarchy Process as a structured format for prioritizing your decisions.
Read more ยปWhat is the Bartlett Test and How is it Used in Statistical Analysis
Published:The Bartlett Test is named after the English statistician, Maurice Stevenson Bartlett. The test is also known as the Bartlettโs test for homogeneity of variances. It is most used in doing a 1-way Analysis of Variance (ANOVA). ANOVA is used to determine whether there is any statistical difference between the means of three […]
Read more ยปSubject Matter Expert vs. Consultant: Whatโs the Difference?
Published:What is a Subject Matter Expert? Subject matter experts (SMEs) are people who have a significant amount of knowledge or experience regarding a specific subject. They can specialize in any kind of academic discipline, profession, or practice. Even though their area of expertise is relatively narrow compared to general consultants, there is still […]
Read more ยปStrengthening Business Health: Lot Tolerance Percent Defective as a Vital Tool
Published:It is important in business to have a sampling system in place to determine when to dump a pack of units dumped due to an unacceptable amount being defective. LTPD is part of this sampling system.
Read more ยปProject ROI: A Key Metric for Project Selection and Resource Allocation
Published:Financial project metrics can be cumbersome to use and jargon-heavy. We demystify and simplify project return on investment, making the concept accessible to all and giving you the confidence to use it in your project management operations.
Read more ยปDiscrete vs. Continuous Data: What’s the Difference?
Published:When it comes to Six Sigma, data is your lifeblood. The ability to interpret what the data is saying is how you know whether you are on the right path. Further, it shows how you’re achieving your goals and objectives and avoiding roadblocks on your journey toward success. Accurately collected and analyzed data […]
Read more ยปHow the Toyota Production System Can Improve Your Business Processes
Published:The Toyota Production System (TPS) serves as the foundation for Lean Manufacturing. Letโs explore this powerful method for improving your processes. The Toyota Production System (TPS) is a manufacturing philosophy and a set of management practices developed by the Toyota Motor Corporation. It emphasizes continuous improvement, just-in-time production, and efficient use of resources, […]
Read more ยปDeming’s 14 Points: A Blueprint for Achieving Quality and Productivity in Business
Published:Demingโs 14 Points provide a roadmap to transform American Business and increase productivity and competitive position. Without W. Edwards Deming, modern quality improvement might not exist. If you have never heard of Dr. Deming or his 14 Points for Management, welcome aboard. If you have, get ready to reacquaint yourself. What Are Deming’s […]
Read more ยปLinearity vs. Repeatability: What’s the Difference?
Published:What Is Linearity? Before understanding linearity, we must understand another measurement error known as bias. Bias is a consistent mistake that occurs in measurement. For example, every measure taken with your scale comes out heavier than the actual weight. Linearity measures the consistency of a bias over the entire range of possible measurements. […]
Read more ยปUnderstanding Rejectable Quality Level: Key Concepts and Applications
Published:When it comes to sampling plans, there are some terms that are absolutely crucial to be aware of. These are Acceptable Quality Level (AQL), Indifference Quality Level (IQL), and Rejectable Quality Level (RQL).
Read more ยปUsing Voice of the Process to Identify Critical Processes for Improvement
Published:Are you hearing voices? If it’s in a business context, then there is nothing to worry about — and it might even be a good thing. Letโs listen in to the voice of the process and hear what it has to say.
Read more ยปPDSA vs. PDCA: What’s the Difference?
Published:What is PDSA? PDSA stands for Plan, Do, Study, and Act. It is a method that is used to test a change that is being implemented or has been implemented. Working through these four steps guides thinking into breaking down a task into sections and then evaluating the result, making improvements, and then […]
Read more ยปVisual Management Boards: Seeing Progress and Success
Published:Visual Management Boards played a critical role in enabling this company to link and visually display critical metrics, KPIs, and actions simply and consistently. So, what are Visual Management Boards? Today, we’re exploring how these visualization tools can let your company reach new heights. While the company is fictional, the results speak for […]
Read more ยปPDCA vs. DMAIC: Whatโs the Difference?
Published:What are the differences between PDCA and DMAIC? There is no shortage of jargon and acronyms to keep track of within the Six Sigma methodology. However, the two methods we’re looking at today blur the lines substantially. So, let’s jump in and see exactly how these approaches differentiate themselves. What is PDCA? Plan […]
Read more ยปAccuracy vs. Repeatability: Whatโs the Difference?
Published:What Is Accuracy? Accuracy is the difference between a measured value compared to its true value. Since no measurement can be 100% exact, there needs to be a degree of inaccuracy allowed in the measurement. This degree of inaccuracy depends on the amount of error you can accept and is denoted by a […]
Read more ยปHow Cost Modeling Can Help Improve Your Bottom Line
Published:Cost models provide a wealth of vital information about the overall state of a business as well as details of specific operations, which makes them a powerful tool for any streamlining agenda.
Read more ยปValue Added vs. Non-Value Added: What’s the Difference?
Published:What is Value Added? The most important thing to understand about value concepts is that they always revolve around the customer. Customers are the ones who set the standard for value, which means itโs based on whether the customer believes the product or service will address their specific needs. Increasing appeal by adding […]
Read more ยปExit Criteria vs. Acceptance Criteria: What’s the Difference?
Published:What Are the Exit Criteria? Exit criteria are conditions that must be met before closing out one project stage and advancing to the next stage. When project management teams use exit criteria, they break down the project into multiple steps. Therefore, each stage will have its own set of conditions (exit criteria) that […]
Read more ยปUnderstanding Six Sigma: Definition, Benefits, and Best Practices
Published:Six Sigma has been defined in three ways:ย as a metric, a methodology, and a philosophy. Sigma can be defined as the standard deviation of a set of continuous data, so Six Sigma would then be six standard deviations.
Read more ยปStandard Operating Procedure vs. Work Instruction: Whatโs the Difference?
Published:How do you choose between a standard operating procedure and work instructions? When you’re onboarding employees, it helps to have the right sort of documentation in place. Today, we’re looking at the differences between both of these concepts and where they apply within your organization. What is Standard Operating Procedure? Most established companies […]
Read more ยปCustomer Journey Map vs. Process Map: What’s the Difference?
Published:What Is a Customer Journey Map? A customer journey map is a diagram that visually represents the various steps a customer goes through in engagement with your company. This can be with a product, service, online and in-person interaction, or a combination. The Benefits of a Customer Journey Map A customer journey map […]
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