DEFINE PHASE
Project Charter is how it starts, and is a central how the project will be organized and what it will seek to achieve. The achievements or improvements require achievable metrics.
WBS (work breakdown structures) – help to divide larger tasks into smaller more manageable tasks.
Deliverables – Cost, Quality, and Schedule.
Critical to Cost (CTC)
Critical to Quality (CTQ)
Critical to Schedule (CTS) – Cycle Time, Process Cycle Efficiency, Process Velocity, Overall Equipment Effectiveness
Defects Per Million Opportunities (DPMO):
Process Capability Indices (table 6.3) – what are the two major shortcomings of the Cp index?
Explain drift? Explain how we manage deviation?
Remember to generate baseline data sets before any improvements.
How do determine Break-Even Point?
Understanding the Time Value of Money: Future Value, Net Present Value, Internal Rate of Return.
Gantt Charts and PERT-CPM
Process Maps is the most common exploratory action you will take in 6 Sigma.