A control chart plots measured values along with upper and lower quality control limits. Values appearing outside these limits are unacceptable and could indicate a manufacturing problem. Although ...

The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

Control charts have two general uses in an improvement project. Undeniably, the most common application is as a tool to ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Follow the steps to make a Run Chart in Microsoft Excel: Run charts are used to monitor the performance of the process over time with a focus on process improvement; it displays the measurement of the ...

Microsoft Excel is well known for creating charts for marketing purposes, and it has features to perform various calculations. Charts are a graphical representation of your data, and they make showing ...

Q. As a conclusion to each project, we evaluate our project time and cost estimates for accuracy. Obviously, underestimating is a problem, but over-estimating is also a problem that leads to ...