Blog
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Matrix Diagram Template
A matrix diagram is a table that allows sets of items to be compared to understand the relationship between them, displaying the existence and strength of the relationship. The degree of correlation is typically represented by numerical values or symbols within the cells where…
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Normality Testing in Minitab
The Normal Distribution is the commonest and the most useful continuous probability distribution. Many statistical tests require that the distribution is normal or nearly normal. Several tools are available to assess the normality of data including: using a histogram to visually explore the data,…
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Probability Distributions in Minitab
There are different shapes, models and classifications of probability distributions including the ones discussed in the probability distributions article. It is always a good practice to know the distribution of your data before proceeding with your analysis. Once you find the appropriate model, you…
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Normal Distribution
Continuous distributions describe variables that take values from a continuous range and can be measured with any degree of accuracy. The commonest and the most useful continuous distribution is the normal distribution. The Normal Distribution is a symmetrical probability distribution where most results are…
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Probability Distributions
Most improvement projects and scientific research studies are conducted with sample data rather than with data from an entire population. A Probability Distribution is a way to shape the sample data to make predictions and draw conclusions about an entire population. It refers to…
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Descriptive Statistics in Minitab
Minitab is a statistical software that allows you to enter your data to perform a wide range of statistical analyses on that data. It can be used to calculate many types of descriptive statistics including the ones discussed in the Descriptive Statistics article which…
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Descriptive Statistics
Descriptive statistics are methods of describing the characteristics of a data set. It includes calculating things such as the average of the data, its spread and the shape it produces. It involves describing, summarizing and organizing the data so it can be easily understood.…
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How RACI Matrix Streamlines Stakeholder Engagement
Also known as Role Matrix, RACI Chart and ARCI Matrix. Variants include Responsibility Assignment Matrix, Linear Responsibility Chart, and RASCI. When multiple individuals collaborate on a particular project for example, it is easy to assume that someone else is taking care of an activity…
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Lean Concept of Value
Also known as VA NVA Analysis and Value-Added Analysis. Variants include Waste Analysis. Oftentimes, we tend to create additional steps to a process in order to fix a problem or enhance a situation. Over time, these additional activities become an established part of the…
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Lean Concept of Waste
Also known as the Eight Wastes and the Eight Deadly Wastes and the eight forms of waste. Variants include the Seven Wastes. Within a Lean culture, waste is anything that doesn’t add value from the customer’s perspective. It includes activities that consume resources, increase…
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RAID Log Template
A RAID log is a project management tool that is used to store several project information in one place. It allows project managers to track Risks, Assumptions, Issues and Dependencies, making it a useful document in regular project meetings and when conducting audits. This…
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Risk Analysis
Risk Analysis is a process that helps identify and assess potential threats that could affect the success of a business or project. It allows to examine the risks and includes means to measure, mitigate and control them effectively. It is part of the larger…
