Tag Archives: factor

What is a Process

What is a Process

The products and services delivered by any organization are the result of processes. Any business activity whether it is industrial, commercial or service-oriented can be considered as a process. Managing these processes is a key to success for any organization. A process can be defined is a set of steps designed to produce a product or service to add value to a customer. It starts with a business goal and ends with the achievement of the that goal.

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Scatter Plots

Scatter Plot

Many situations require the investigating whether a relationship exists between two or more variables. A Scatter Plot is a diagram showing whether two variables are correlated or related to each other. It shows patterns in the relationship that cannot be seen by just looking at the data. It is often used as a first step in analyzing and communicating the correlation between pairs of variables before conducting advanced statistical analyses. It works with both continuous and count data.

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Process Mapping

Process Mapping

A process map is a graphical representation that illustrates the sequence of activities within a business process. It represents these activities in a step by step manner to help understanding how a product is made or how a service is carried out. Process maps are simple ways of making sense of what is happening or must happen within a process. They allow to know how exactly an organization does its work, and how well it is performing in accordance with its objectives.

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