LDR-303S NCOA (Latest 2024/ 2025 Update) Questions and Verified Answers | 100% Correct| Grade A

LDR-303S NCOA (Latest 2024/ 2025 Update) Questions and Verified Answers | 100% Correct| Grade A Q: Describe the tools utilized to break down problems and identify performance gaps. Answer: Key Performance Indicators (KPIs) A quantifiable measure used to evaluate the success of an organization, employee, etc. in meeting objectives for performance. Bottleneck Analysis A lean management tool that looks at areas within a process that cause the workflow to become backed up where workloads exceed capacity or throughput. Q: Describe the six characteristics of well-defined metrics. Answer: Balanced, Specific, Measurable, Attainable, Results Focused, and Timely (B-SMART) criteria. Q: Describe the eight types of waste. Answer: Anything in a process that is not required. This includes defects, overproduction, waiting, unused talent, transportation, inventory, motion, and extra-processing. Q: Describe the aspects of SMART criteria. Answer: specific- important- the less specific a goal the harder it will be to achieve measurable- what determines success actionable- how will the goal be achieved relavant- minimal effort maximum value time-bound- provides incentive and monitors progress Q: Describe various root cause analysis tools that assist in problem solving efforts. Answer: Brainstorming is an informal approach to problem-solving that encourages your team to come up with as many ideas as possible. 5 Whys method, you should be able to see how one process affects another, identify relationships between different causes, and get to the root cause(s) of problems. Pareto Analysis is a method based on the Pareto Principle (also known as the 80/20 Rule) - the idea that 80 percent of problems may be the result of as little as 20 percent of causes. Affinity Diagrams provide a flexible method for brainstorming and organizing ideas/information. It can be used to organize many different potential causes or issues together. Cause-and-Effect diagram, also known as a Fishbone or Ishikawa Diagram, is a visual tool that logically categorizes potential causes for a specific problem. It visually displays causes and provides details to see causal relationships. Control Chart is a statistical process control method that involves collecting and analyzing data about a process, checking for unexpected variations, and correcting any issues identified. Q: Explain how root cause analysis tools can assist in problem solving efforts in home organizations. Answer: Whether you are addressing problems at work or in your personal life, finding solutions to the root cause is imperative to ensure they are solved and stay solved. Reoccurring problems can waste time, money, and resources.