Six Sigma- Yellow Belt Correctly Answered Questions| UpToDate | Already Graded A+
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 2 | P a g e 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 significan
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