Scatter Diagram Tutorial

Scatter Diagram Tutorial

A Scatter Plot (also known as a scatter Chart, and Correlation Plot) is a tool for analyzing the relationship between two variables, used to determine the degree of correlation between two variables. One variable is plotted on the horizontal axis and the other on the vertical axis. The pattern of their intersection points graphically displays the relational pattern. It is one of the Seven Basic Tools of Quality.

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Fault Tree Diagram Tutorial

Fault Tree Diagram Tutorial

Fault tree analysis (FTA) is a top-down deductive fault analysis in which Boolean logic is used in conjunction with a series of low-level events to analyze the unexpected states of the system. This analysis method is primarily used in safety engineering and reliability engineering to understand how systems fail, determine the best way to reduce risk, and determine (or feel) the event rate of safety incidents or specific system-level (functional) failures.

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What is Reverse Brainstorming?

What is Reverse Brainstorming?

The reverse brainstorming lets you create unusual and wild ideas if the brainstorming process fails to meet the requirements. When typical brainstorming encounters difficulties, it’s time to be creative. A highly creative brainstorming technique is called reverse brainstorming. It can not only make ideas flow, but also bring a lot of fun. More importantly, it can stimulate innovative ideas and useful insights to produce positive results.

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Cross-Functional Flowchart – with Templates and examples

Cross-Functional Flowchart – with Templates and examples

Cross functional flow charts show who did what and when in swimlane or grid charts. These charts are organized into multiple parts to provide additional dimensions by assigning each process step to a category. In other words, you can use a cross functional flowchart to describe the relationship between the steps in the process and the department or functional area responsible for those steps.

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SWOT Analysis with Examples

SWOT Analysis with Examples

SWOT analysis is a technique developed at Stanford in the 1970s, frequently used in strategic planning. SWOT is an acronym for Strengths, Weaknesses, Opportunities, and Threats and is a structured planning method that evaluates those four elements of an organization, project or business venture. A SWOT analysis is a simple, but powerful, framework for leveraging the organization’s strengths, improving weaknesses, minimizing threats, and taking the greatest possible advantage of opportunities.

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Industry Analysis — An Quick Introduction

Industry Analysis — An Quick Introduction

Industry analysis is a tool to help companies understand where they stand compared to other companies that produce similar products or services; Understanding the impact factors across the industry is an important part of effective strategic planning that enables small business owners to identify threats and opportunities facing their business and focus resources on developing unique capabilities that provide a competitive advantage.

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