Define: Set the context, key metrics, and objectives for the project. ; Measure: Capture the current baseline performance and capability of the process or system being improved. Identify all possible contributing factors. ; Analyze: Narrow the pool of possible factors down to the critical few. Use data and tools to understand the cause-and-effect relationships in the process or system.
Quantitative Finance For Dummies Cheat Sheet ; Business Statistics For Dummies Cheat Sheet ; Accounting For Canadians For Dummies Cheat Sheet
Use these six tips as guidelines to keep your initiative on track for success!Typically, Six... in-depth analysis of inputs, outputs, conditions, and causes and effects. Only after you...
The power trio of sociology ; Types of sociological analysis ; Means of social inequality ; The complexity of identity ; Common misconceptions about society
Selecting a problem for which the solution is known or for which a specific solution is mandated. Defining a “just do it” solution, where no formal project and problem analysis is...
For the band, see Crash Test Dummies. For the series of toys, see The Incredible Crash Dummies. Two male Hybrid III crash test dummies inside a Subaru Outback. A crash test dummy, or simply...
Must-know formulas for cost accounting ; Breakeven Formula · Profit ($0) = sales – variable costs – fixed costs · Target Net Income · Target net income = sales – variable costs – fixed costs · Gross Margin · Gross margin = sale price – cost of sales (material and labor) · Contribution Margin · Contribution margin = sales – variable costs · Pre-Tax Dollars Needed for Purchase · Pre-tax dollars needed for purchase = cost of item ÷ (1 – tax rate) · Price Variance...
Thinking for breakthrough: The domain of thinking focuses on improving the capacity and efficiency of every employee. ; Processing for breakthrough: The domain of processing focuses on improving existing processes, and a large number of employees are involved in this task. ; Designing for breakthrough: Fewer people are directly involved in designing, which focuses on improving the designs of new products and processes.
Needs: Maslow’s Hierarchy of Needs is a helpful tool that shows layers of needs from the most basic (physiological needs, such as food) all the way up to self-actualization — becoming everything that you are capable of becoming. Values: These are core principles that give meaning to your life — a set of standards that determine your attitudes, choices, and actions. Interests/passions: The things that intrigue and motivate you determine how you want to spend your time. Mission: Everyone should have a mission statement — an expression tha ...
Variation is everywhere, and it degrades consistent, good performance. Your job is to find it and minimize it! ; Valid measurements and data are required foundations for consistent, breakthrough improvement. ; Only a critical few inputs have significant effect on the output. Concentrate on the critical few.