What is Correlation Analysis and How is it Performed ?
February 12, 2025
In 2016, Turkey faced an attempted military coup. The coup was supposedly orchestrated by a US citizen of Turkish origin. His name is Fethullah Gulen. Apparently, the coup did not go as planned and President Erdogan was able to come out victorious. However, this attempted coup has made him paranoid. This has led him to […]
What is a Project Charter ? A Project charter is a 5 to 6 page document which collects all the information that has been developed in the previous steps and puts it in a central location. The Project charter serves as the constitution which governs the working of the project and disputes if any that […]
Converting Data to Information: The goal of a six sigma project is not to produce an overwhelming amount of data that ends up intimidating the concerned people. The goal is to find out as much data as possible and convert it into meaningful information that can be used by the concerned personnel to make meaningful […]
Startups had become an important part of the modern economic system. Most of the companies which have achieved billion-dollar valuations in the past few years have come out of the startup ecosystem. Companies like Uber, Twitter, Facebook, and Airbnb are testimony to this fact. The startup system has often been viewed as a risky place. […]
Global Logistics Scene is dominated by a handful of ten to twelve multinational Companies followed by smaller companies altogether numbering below fifty. Entire global trade is facilitated by these service providers. Major players in the field are lead by DHL, Kuehne + Nagel, Schenker/BAX, UPS, Geodis, Expeditors, Agility, CEVA Logistics, Hellman worldwide logistics, etc. The […]
The 5 why method or the Root Cause analysis method that has been described in the Tools section plays an important role in determining that the X’s are recorded at actionable level. In this implementation of the 5 why tool, there is a slight variation from the standard methodology and hence it has been explained in the context of Actionable X’s below:
The 5 why method is a non-statistical method to convert vital few inputs to their actionable level. It does not require any elaborate mathematical testing but rather simply relies on brainstorming the reasons and digging deeper and deeper in the process.
The 5 in the 5 why’s is a mere abstraction. The actual number of iterations required to come up with an actionable X will be less or more. However in almost all cases, actionable levels are reached within 5 iterations.
The 5 whys analysis for finding actionable X’s is therefore a combination of the regular root cause analysis and brainstorming. Instead of relying on expert knowledge, the collective knowledge of the Six Sigma project team is used here.
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