Six Sigma- Yellow Belt Latest Version Already Passed

Six Sigma- Yellow Belt Latest Version Already Passed Problem Statement- Include o Process/Defect o Timeframe o Baseline metrics o Cost/Benefit Goal Statement o Targeted Improvement o Timeframe o Projected Financial Benefits Project Defect Instance which fails to meet customer requirement Metrics -Primary Metric - Big "Y" o Secondary Metrics Possible negative consequences Financial Benefit o Hard Savings Directly Impact the bottom line Cost Reduction Revenue Enhancement o Soft Savings Increased Employee Productivity Cost Avoidance Descriptive Statistics Data to recognize patterns, summarize and present the information Inferential Statistics Sample data to aid in business decisions through estimates, predictions and other generalizations about larger data Shift and Drift Over time a process will shift and drift up to 1.5 sigma levels due to changes in technology and personnel. What is Six Sigma Business Philosophy -Project focused methodology resulting in significant financial gains -Team approach -State of near perfection 3.4 defects PMO Define Customer Anyone who buys or whose success or satisfaction depends on one's actions To increase process sigma, decrease the variation or variability T or F True What are the basic principles of data collection Observe first, then measure Know the data type Measure for a reason Have a measurement process Develop a sampling scheme What are the types of data and describe the characteristics associated with each Continuous or Variable Infinitely Divisible Continuum Half Test Discrete or Attribute Has Clear Boundaries Can be sorted What are the areas of statistics and describe the characteristics associated with each Descriptive - Used to recognize patterns Inferential - Uses sample data to aid with business