Conducting the Knowledge Transfer
February 12, 2025
Flat World? The famous cheerleader of globalization, Thomas Friedman, characterizes the global economy as a “flat world” where anyone can reap the benefits of the many opportunities that are provided by globalization because there are no “barriers” anymore with the advent of the internet. The basic premise is that anyone from anywhere can use the […]
Introduction This article is a follow up of the earlier one related to the project management processes for an automation tool. This tool is to be used for automating the processes of a maintenance project in a software company. Rework A rework can arise due to: Change in scope Quality of the deliverables not up […]
ERP systems were developed based on generic need of various types of organizations, belonging to diverse business segments and further evolved through continuous adding up of new business processes. Consequently, any ERP system now offers numerous functionalities, which overwhelm most of the enterprises, during project implementation. Enterprises are needed to pickup relevant components of the […]
Introduction In the modern global and competitive business world, it is very important to the companies to enjoy financial success. This financial success can be achieved through financial discipline, goal setting and periodic reviews. Companies which have enjoyed financial success are likely to see that trust among employees have increased; profit has improved, and employee […]
In the year 2017, President Trump has promised the United States that he will provide unprecedented tax cuts to the people of the United States. He believes that such a tax system would stimulate economic growth and once again propel America to the pinnacle of economic success. However, he is not the only one to […]
Just like there are many types of discrete data charts available, there are also many types of continuous control charts available. The Six Sigma process methodology prescribes which chart must be used when. The prescription in the case of continuous data points is largely based on sample size.
Below is the list of the different control charts that need to be used for different sample sizes:
Individual Chart: In the case of an individual data chart, each observation is plotted as a separate data point. This means that there is no rational subgrouping of data. This chart must therefore be used when the sample size equals 1.
Moving Range Charts: Unlike the individual data chart, the moving range chart plots the difference between two data consecutive points. The sample size of this type of control chart is therefore 2. Here the rational subgrouping of data points is based on whether they are consecutive. The moving range data charts therefore have one less data point as compared to the individual charts.
X Bar R Chart: The X bar and R chart are used to control a process when the sample size is small and constant. This is because in small sample sizes, the range of the sample approximates the standard deviation, which would be pointless to calculate, given the small size.
The X bar and R Chart are actually two different charts, which need to be looked in tandem to understand the behaviour of a process. The X bar chart shows the average performance of the process. The R chart which plots the difference between the smallest and largest value explains the variability of the process.
X Bar S Chart: The X bar and S charts are used when the sample size used to conduct the study is large and/or variable. As in the case of X bar and R chart, X bar and S charts too have a number of values. The X bar chart ensures that the mean of the process is in control whereas the S chart monitors the standard deviation. When used in tandem, they help monitor the performance of a very large process with relative ease.
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