STRATEGIC STATISTICAL THINKING FOR DECISION MAKERS

NAME OF THE COURSE
STRATEGIC STATISTICAL THINKING FOR DECISION MAKERS
 
CERTIFICATION
STRATEGIC STATISTICAL THINKING FOR DECISION MAKERS
 
COURSE OVERVIEW
This short course explains how Systems and Statistical thinking can improve operational efficiency and effectiveness in today’s complex and changing environments. Various examples and interactive discussions will be used to illustrate how insightful and competitive solutions can result from such thinking processes, overcoming possible wastes and shortcomings of the single-subject, deterministic approach commonly seen in conventional education curricula.
 
 
TRAINING DURATION
Training Hours per day : 4-6 Hours
Total Training Hours : 20-24 Hours
Training Duration      : 5 Days
Total Training  Days  : 5-10 Working Days
 
TRAINING SCHEDULE
Weekdays (Sunday to Thursday)
Regular Sessions : 4 – 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm)
Food & refreshments Included
Weekends (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9am to 5pm)
Food & refreshments Included
 
CERTIFICATION
Globally recognized certificate from “Kings Global Career Academy”
 
TEST
No
 
LEARNING AIDS
Yes
 
COURSE MATERIAL
Hard & Soft Copies of Study Material
 
LANGUAGE OF INSTRUCTION
English
 
INSTRUCTOR HELPLINE
Yes
1. Email
2. Social Media (For Emergency requirements)
 
REGISTRATION REQUIREMENTS
1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
 
MODE OF PAYMENT
Cash / Cheque / Credit Card / Bank Transfer.
 
ELIGIBLE FOR
  • Managers and personnel with responsibilities for problem-solving and decision-making in operational analysis, design and execution.
  • The discussions will be generic and not confined to any particular industry or profession.
 
COURSE CONTENTS
 
Fundamentals of Operational Excellence
 
  • Impact of system definition on operational decisions
  • Ambiguities in objectives and achievements
  • Inter-relations among performance, resources and constraints
  • Systems and Statistical Perspectives
  • Necessity and importance of statistical thinking
  • transition from data to information to decision making
  • Examples of counter-intuitive results in data analysis
 
Data-Driven Information and Knowledge
 
  • Conditions for valid information analysis
  • Common system modelling procedures
  • System models: use, misuse and abuse
  • Handling Complex or Unfamiliar Systems
  • Avoiding pitfalls in real-world data collection and analysis
  • Principles of efficient and effective data management
  • Productivity in the face of uncertainties and unknowns
 
FUNDAMENTALS OF STATISTICAL THINKING
 
1) The role of statistics in quality improvement
 
2) Core fundamentals of statistical thinking
– Binomial distribution
– Poison distribution
– Normal distribution
 
3) Data based decision – making
– The data type (variable and attribute)
– Stratification in data analysis
– Population Vs Samples
 
DATA TO INFORMATION
 
1) How to collect data
2) Check Sheet
3) Central tendency and dispersion
4) The measure of variability (Range & Sigma calculations)
5) Applications
 
PROCESS CONTROL CHARTS
 
1) Process Variations Concepts
2) Control chart for variables (X bar – R Chart)
3) Control chart for attributes (p chart, np chart, c chart, u chart)
4) Cases of Variation (Common & Special)
5) Trends and Patterns interpretation of Control Charts
6) Application of Control Charts
 
PROCESS CAPABILITY
 
1) What is process capability analysis
2) Definition of CP (Capability Ration)
3) Definition & Interpretation of CPK
4) Applications of process Capability