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Lean Six Sigma Terminology With complete solutions latest update
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Lean Six Sigma Terminology With complete solutions latest update
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Passed!!2024/2025
Lean Six Sigma Terminology
Accountability Answer: Being answerable, or responsible, to stakeholders.
This may include shareholders, customers, employees, government, and the
general public.
Accuracy Answer: 1. The degree of conformance between the estimated or
measured position of a variable at a given point in time and its true position at
that exact point in time. 2. The correctness of a single measurement.
Accuracy Answer: How close the average measured values are to the
reference value.
Activity Answer: The work required to proceed from one event to another.
activity network diagram Answer: A type of planning and management tool
used to visually depict interrelationships in a complex project.
addition rule Answer: A rule used to find the probability of multiple events
where the probabilities sought reflect components of events. It can be used to
find the probabilities of multiple mutually exclusive and non mutually-exclusive
events to be calculated.
Adjourning Answer: The fifth stage of team development. This stage is
marked by assessment and closure. See stages of team development.
, Passed!!
2024/2025
affinity diagram Answer: An analytical tool that allows a group of people to
physically organize large volumes of data, such as ideas, opinions, facts, or issues,
into groups based on their natural relationships, or affinities.
analytical statistics Answer: Statistical methods for analyzing and interpreting
data to enable inferences, generalizations, estimates, predictions, or decisions to
be made about the process producing a product or service. Also known as
inferential statistics.
AND Answer: activity network diagram.
Asset Answer: Anything owned by a business or an individual that has
monetary, commercial, or exchange value. See tangible asset, intangible asset.
Attribute Answer: A skill, quality, or characteristic that a person or a system
should possess in order to perform effectively.
attribute data Answer: Data that can be counted. Also known as attributes
data. Also known as discrete data.
balanced scorecard Answer: A strategic planning technique that promotes
measurement from four perspectives, including financial and nonfinancial
perspectives.
bar chart Answer: A chart utilizing a series of bars to compare characteristics
of two or more items at a specific point in time.
, Passed!!
2024/2025
Baseline Answer: A standard reference against which future comparisons can
be made.
bell curve Answer: The graphic representation of Gaussian normal probability
distribution, shaped like a bell.
best practices Answer: A set of learned procedures, techniques, or methods
that reliably lead to a desired result. Sometimes used to set standards for an
industry.
Bias Answer: The difference between the average measured value and a
reference value.
Black Belt Answer: A professional trained in Six Sigma methodologies and
principles. See Green Belt, Master Black Belt, Champion, Six Sigma.
Bottleneck Answer: A step in a process that inhibits the throughput. See also
constraint.
bottom line Answer: Net profits.
Brainstorming Answer: A group process during which creative ideas are
generated around a particular area of interest, and then the ideas are analyzed
and rated according to their appropriateness.
bronze customers Answer: Customers who make up 20% of your total
customer base and only contribute 5% in overall profit.
, Passed!!
2024/2025
business case Answer: The justification for undertaking, and for continuing,
the project.
business strategy Answer: An agreed-upon plan of action detailing how a
business plans to accomplish its business goals or desired results. Sometimes
referred to as organizational strategy.
c Answer: The symbol for count of defects.
Calibration Answer: The process of comparing a measurement device to a
standard of known accuracy.
Capability Answer: The measure of how well a product or process is able to
meet a specific requirement.
Capital Answer: In economics, capital is the machinery, factories, and
inventory required to produce other products. For investors, capital is cash plus
the financial assets invested in securities, a home, and other fixed assets.
career path Answer: A planned progression of positions within an
organization, each of which develops the skills necessary for an employee to
move to the next level.
categorical variable Answer: See qualitative variable.
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