Blog
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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. Related topics 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…
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Lean Concept of Value
Also known as VA NVA Analysis and Value-Added Analysis. Related topics 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…
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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. Related topics include Value Analysis. 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…
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Applying the PDCA Cycle: A Blueprint for Continuous Improvement
Also known as Shewhart Cycle and Deming Wheel. Related topics include PDSA Cycle and OPDCA. The Plan-Do-Check-Act Cycle (PDCA Cycle) is a four-step model for systematic problem solving and continuous improvement. It offers a simple and structured way for resolving business-related issues and creating…
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Value Stream Mapping: A Visual Approach to Process Optimization
Also known as Material and Information Flow Analysis and Value Stream Analysis. A Value Stream Map (VSM) is a high-level visual representation of a business process. It helps to understand the flow of value through the process as perceived by the customer. The primary…
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Visual Management Audit Checklist
Visual Management is a technique that uses information displays, visual controls, labels and signs, color coding and other markings instead of written instructions. This visual management audit checklist serves as a tool to pinpoint and address compliance gaps within your workplace. An effective audit…
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Process Chart Template
A process chart is a visual representation showing the sequence of activities within a process. This type of process map is preferable when documenting sequential processes that contain few decision points. This process chart template allows to record the steps of any given process…
