SSGB Chapter 7 Flashcards
All the following are tools for six sigma Improve phase EXCEPT?
Implementation plan
Implementation Plan is an output from six sigma Improve phase
Which of the following is an output from the six sigma Improve phase?
Cost/ benefit for different solutions
Cost/Benefit for different solutions is an output from six sigma Improve phase
Ratio of profit divided by investment is also referred to as:
Return on investment
ROI(Return on investment) is a measure of the income (or profit) divided by investment. ROI measures how effectively the company uses its capital to generate profits
From a six sigma project perspective, while calculating ROI, investment refers to:
ratio of project benefits to project costs.
For a six sigma project perspective, the project cost is the investment, and income is the quantified benefits accrued from the project. So, ROI for a six sigma project is the ratio of project benefits to project costs.
In project selection, objective of a company should be to:
Maximize ROI
In project selection, objective of any company is to maximize ROI
Increased revenue, reduction in costs, cost avoidance, improved productivity and improved customer satisfaction are examples of
Project benefits
Project benefits can be divided into categories like increased revenue, reduction in costs, cost avoidance, improved productivity, improved customer satisfaction etc.
Which tool helps to compare how the proposed solutions compare with the existing system in meeting the specified criteria
Solution design matrix
Solution design matrix helps to compare how the proposed solutions compare with the existing system in meeting the specified criteria
In solution design matrix, the key criteria on which the project will be evaluated can be got from any one of the following EXCEPT:
Implementation plan
In the solution design matrix, we determine the key criteria on which the project will be evaluated (the criteria are obtained from the project charter, process map, QFD, Kano Model, Ishikawa diagrams etc.)
When using solution design matrix, what is the benefit rating given to each criteria in the existing solution?
0
While using solution design matrix, benefit rating for each criteria is determined by taking inputs from team members. Existing design is provided a rating of “0” on all the criteria
Any variable that may influence a process is also called:
Factor
Factor: Any variable that may influence a process
Specific parameter used to decide if the process is improving is called
Response variable
Response Variable: Specific parameter used to decide if the process is improving; helps in determining the type of data to be collected
Setting or category that a variable may take is also called:
Level
Levels: Setting or category that a variable may take. Two or more levels could be chosen for each category
Simplest experiments used in DOE are:
One factor at a time
One-factor-at-a-time: Level of the first factor is changed while others stay the same. One or more trials are run until the best level of first factor is determined which maximizes the response variable. These are the simplest experiments used in DOE.
In your DOE experiment, only some of the possible factors and levels are studied simultaneously. This is an example of:
Fractional factorial experiment
Fractional factorial experiment: Only some of the possible factors and levels are studied simultaneously