How Accurate and Reliable is Your Data?

Six Sigma is a process improvement methodology that uses facts and data to make decisions, not hunches and opinions.  It is obviously important that we use facts and data that are accurate and reliable.  The more important the decision and the more serious the consequences, the more care we need to take when collecting data. […] read more

Which Index is Representative of How the Stock Market is Really Performing?

In an earlier article in this series I discussed the use of sample data drawn from a larger population for the purposes of making decisions.  The data in the sample must be representative of the larger population in order for it to be useful in decision making.  Consider the stock market in general.   What is […] read more

Rational Subgrouping of Data for Control Charts

Control charts are a tool to evaluate the performance of a process over time.   Think of the process as a river that is flowing past the point where we will collect data.  We must decide what to measure, how to measure, where to measure and how often to collect data from the process.   The story […] read more

On March 6th, 2018, posted in: Articles, Six Sigma by Tags: ,

SWOT Analysis

One of the tools that may be used to define the current state of a process is SWOT analysis.  Our Black Belt students are required to perform a SWOT analysis as part of their Black Belt project. SWOT is an acronym that stands for Strengths, Weaknesses, Opportunities and Threats.  Strengths and weaknesses are internal to […] read more

On February 16th, 2018, posted in: Articles, Six Sigma by Tags: ,