Statistical Process Control In Business Analytics

The abundance of data creates opportunities for business leaders to make better decisions. The challenge is that interpreting data from multiple sources isn’t common knowledge for most business professionals. How can we leverage data for making the optimal decision?

In the Business Analytics for Engineering will make participants from any domain to learn a practical framework that includes data, models, decisions, and value building confidence in using business data to improve decision- making. ?

Objectives:

Upon completion of this course, participants will be able to:

• Understanding variation in business process
• Common cause variation, which is intrinsic to the process and will always be present.
• Special cause variation, which stems from external sources and indicates that the process is out of statistical control.
•  Apply best practices for Statistical Process Control and reporting for data analytics for business process management.