Join us this Thursday, February 16, 2012, for a free live webcast entitled, "How Capable are Your Capability Metrics? Using @RISK to Demonstrate Their Limitations," to be presented by Rick Haynes.
In the field of Six Sigma, there is a lot of discussion about the applicability of the traditional capability metrics. Cp, Cpk, Pp, and Ppk are very popular in some areas, but not all truly understand what the metric is trying to communicate about the process. In this free live webcast we will take a look at a typical data set to see how the capability index (Cpk) is reported based on different assumptions and calculation methods using risk analysis and Monte Carlo simulation software @RISK.
At the end of this webcast you will fully understand the usage of Cpk in regards to:
- Normal vs. non-normal data
- Stable vs. unstable data
- The uncertainty of capability estimates (confidence intervals)
Join us for this webcast, and you will never be confused or lied to by Cpk!
Rick Haynes has more than 20 years' experience in project management, training, applied statistics, engineering, and customer support. He has taught and certified professionals in all Lean Six Sigma areas. His consulting work has included all facets of business; building corporate performance dash boards, developing the Integrated Enterprise Excellence (IEE) system at a manufacturing firm, development of a process management and control system in a manufacturing firm, quality auditing of construction projects, developing reliability models for equipment failures, facilitating executive strategy development efforts, executive leadership coaching, modeling business performance for predictive analysis, improvement practitioner coach. Professional positions include; manufacturing site engineering manager, US Naval Officer (Submarines), corporate process improvement director, DOE research statistician, chemical process engineer, nuclear engineer.