Leverage dmaic - Study guides, Class notes & Summaries

EXAM 1 QMB 3602 All Answers Correct DMAIC Model ️Problem-solving approach prescribed by Six Sigma strategy. The phases include: define, measure, analyze, improve, and control. Define (DMAIC) ️1st step of DMAIC. -State information about the customer, issue, problem, opportunity, goals, resources, and timeline. -It is very important to clearly define a problem by calculating the frequency of problem occurrence, and the rate of impact when it occurs. Measure (DMAIC) ️2nd step of DMA...

EXAM 1 QMB 3602 QUESTIONS CORRECTLY SOLVED TO SCORE A+ !!

Loma 307 questions and answers already passed quantitative easing federal reserve buying securities to stimulate the economy. Usually considered when short-term interest rates are at or near zero. Increases the money supply. Lowers the interest rates. Positively effects employment and economic growth but can result in inflation if increases too quickly. Grouped frequency distribution A table that displays the number of times observed group data fall within specified classes. histograms / bar g...

Six Sigma can be defined as... (Select all that are true.) - Answer- 1. A problem-solving methodology 2. A specific level of quality employed by Motorola NOT: The sixth iteration of the quality system invented by Toyota In the diagram below, the measured performance of parts on a characteristic that is critical to the customer's experience is shown. (Part 2 is out of the allowable specification by the smallest possible margin and part 3 is within the allowable specification by the smalle...

Affinity Diagram organizes a large number of ideas into their natural relationships. Good to use when you are confronted with many factors or ideas in apparent chaos, when issues seem too large and complex to grasp, when group consensus is necessary. Typical situations to use after a brainstorming exercise and when analyzing verbal data, such as survey results. PFAC Patient and Family Advisory Council Change Acceleration Process (CAP) used for alignment, acceleration, and owners...

USAF GREENBELT QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION 99% quality represents which Sigma level of quality? A 3.4 B 3.8 C 6 D 99 Ans- B Benefits from reducing variation in a process include improved process capability, decreased costs, and which of the following? A A change of customer requirements B Improvement of the company's culture C A revised project charter D Reduced Defects per Million Opportunities (DPMO) Ans- B Which of the following statements regarding ...

Features that set Six Sigma apart from previous quality-improvement initiatives include (A) A clear commitment to making decisions on the basis of assumptions and guesswork (B) Making a SIPOC (C) A clear focus on achieving measurable and quantifiable financial returns (D) An increased emphasis on strong and passionate Black Belts - ANSWER-(C) A clear focus on achieving measurable and quantifiable financial returns The primary reason most companies implement Six Sigma is to (A) Reduce...

Which of the following are not Process Groups of Project Management (select ALL answers that apply) - answer-C) Solve D) Integrate Project Management is applicable to all types of projects: (True or False) - answer-True The DMAIC method is appropriate for all types of projects: (True or False) - answer-False Work Breakdown Structure is a technique for defining the task of a project: (True or False) - answer-True Stakeholders never change throughout a project's life: (True or False)...

SCM 301 Final- Iowa State University Warehousing - ANS Companies storing their purchases, work-in progress, and finished goods Distribution Center - ANS A warehouse that is used to receive bulk shipments, break them down, repackage items, and distribute them to a manufacturing center or retail center Crossdocking - ANS Unloading an inbound vehicle and reloading the product onto an outbound vehicle with little to no storage Sorting - ANS Separating products into grades a...

1 Operations and Supply Chain Management - C720 (WGU) Exam Elaborations Graded 100% Operations - The process used to acquire inputs, such as people, capital, and material, and transform them into outputs, such as products and services. Operations Manager - They allocate resources. Capital - Facilities and equipment Competitive Advantage - Developing capabilities that customers value, can be sustained over the long-term, and competitors find difficult to replicate. Inseparability - The proc...