Tag Archives: analysis

SWOT Analysis Template

The aim of SWOT analysis is to understand the internal and external factors influencing the performance of a business, now and in the future. SWOT simply stands for Strengths, Weaknesses, Opportunities, and Threats. The outcome of any SWOT analysis workshop should provide the basis for further analysis and action. It should allow the business to capitalize on the strengths, take advantage of the opportunities, while minimizing the impact of the weaknesses and threats.

  Read more »  
 

Stakeholder Analysis Template

Stakeholder analysis involves identifying and analyzing the stakeholders that are likely to affect or be affected by a particular company activity, then planning to communicate and engaging with them. It is widely used in project management to develop engagement and cooperation between project team and project stakeholders. Other applications include conflict resolution, organizational transformation and change management.

  Read more »  
 

Graphical Analysis


Graphical Analysis

Graphing the data can be utilized for both historical data already available and when analyzing the data resulting from live data collection activities. Of course, you need to pick the right graphical tool as there are a lot of different ways to plot your data. A number of commonly used graphical tools will be covered here. However, note that if one graph fails to reveal anything useful, try another one.

  Read more »  
 

Force Field Analysis Template

The main idea behind the Force Field Analysis technique is to identify the forces that help or hinder an organization in reaching a goal or a proposed change. It is a decision making technique that can be used by leaders and change agents to analyze the pros and cons of any organizational decision. It is widely used in the fields of organizational change and development, business process management, and social and cultural sciences.

  Read more »  
 

Questionnaire Analysis Report

After collecting the answered questionnaires from your respondents, you have to analyze the data and report the results. This template is used to analyze the collected qualitative data from a large number of individuals and summarize the results in a report. It consists of two worksheets; one that enables you to enter the data of your respondents, and the other is the interpretation of your data in a scorecard format. Further statistical analysis, conclusions and recommendations can be added to the report as needed.

  Read more »  
 

Pareto Chart Template

The purpose of the Pareto Chart is to address the most important among a set of factors, the highest occurring type of defect, the most frequent reasons for customer complaints, and so on. It combines an ordered bar chart and a line chart. The items on the left side of the chart are called the “vital few” while the rest are considered the “trivial many”.

  Read more »  
 

Probability Distributions in Minitab

Probability Distributions

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 can then perform your statistical analysis in the right manner. Minitab can be used to find the appropriate probability distribution of your data.   Read more »  


 

Value Analysis

Value Analysis

Value is one of the most important concepts within Lean thinking and one of the most valuable outcomes Lean provides. Value Analysis focuses on what adds value to business processes as perceived by the customer. A process that does not add value to the product or service should be redesigned or eliminated altogether. Problem solving and continuous improvement efforts often focus on those aspects of processes that add no value to the customer and are therefore wasteful.   Read more »  


 

Waste Analysis

Waste Analysis

In a Lean culture, Waste is anything that doesn’t add value from the customer’s perspective. It includes activities and resources beyond what is needed to meet customer requirements. Waste Analysis involves identifying, quantifying, eliminating and preventing waste in manufacturing, service and office environments. Many Lean tools and techniques focus on continually identifying and eliminating these wastes to bring efficiency and effectiveness to existing processes, and this is one of the core principles of Lean thinking.   Read more »  


 

Risk Analysis

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 process of risk management although risk management can also refer to the process of controlling and monitoring risks.   Read more »  


 

Scatter Diagram

Scatter Plot

Many situations require the investigating whether a relationship exists between two or more variables. A line manager, for example, may want to check the relationship between the number of training hours and employee productivity, or if the number of defects is a function of the experience of the person causing it. A call center manager may be interested in studying the relationship between the number of people working on a shift and the average answer time.

  Read more »  
 

SIPOC Analysis

SIPOC Analysis

A SIPOC Map is high-level summary of the process. It provides a big picture view of the important elements of the process to gain deeper understanding of the context in which the process occurs. SIPOC is an acronym that stands for Suppliers, Inputs, Process, Outputs and Customers.

  Read more »