Courtesy: Trade mark and copy right A trademark (also written trade mark or trade-mark) is a type of intellectual property consisting of a recognizable sign, design, or expression that identifies products or services from a particular source and distinguishes them from others. The trademark owner can be an individual, business organization, or any legal entity. A trademark may be located on a package, a label, a voucher, or on the product itself. Trademarks used to identify […]
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Courtesy: six sigma black belt Inadequate for complex manufacturing Quality expert Philip B. Crosby pointed out that the Six Sigma standard does not go far enough—customers deserve defect-free products every time. For example, under the Six Sigma standard, semiconductors, which require the flawless etching of millions of tiny circuits onto a single chip, are all defective. Role of consultants The […]
Courtesy: six sigma black belt Methodologies Six Sigma projects follow two project methodologies, inspired by W. Edwards Deming’s Plan–Do–Study–Act Cycle, each with five phases. DMAIC DMAIC’s five steps The DMAIC project methodology has five phases: Some organizations add a Recognize step at the beginning, which is to recognize the right problem to work on, thus yielding an RDMAIC methodology. […]
Courtesy: Six sigma Black belt Six Sigma (6σ) is a set of techniques and tools for process improvement. It was introduced by American engineer Bill Smith while working at Motorola in 1986. Six Sigma strategies seek to improve manufacturing quality by identifying and removing the causes of defects and minimizing variability in manufacturing and business processes. This is done by using empirical and statistical quality management methods […]
Courtesy: Risk Assessment service Public health In the context of public health, risk assessment is the process of characterizing the nature and likelihood of a harmful effect to individuals or populations from certain human activities. Health risk assessment can be mostly qualitative or can include statistical estimates of probabilities for specific populations. In most countries, the […]
Courtesy: Risk Assessment service Small sub-populations When risks apply mainly to small sub-populations, it can be difficult to determine when intervention is necessary. For example, there may be a risk that is very low for everyone, other than 0.1% of the population. It is necessary to determine whether this 0.1% is represented by: If the […]
Courtesy: Risk Assessment service Dynamic risk assessment During an emergency response, the situation and hazards are often inherently less predictable than for planned activities (non-linear). In general, if the situation and hazards are predictable (linear), standard operating procedures should deal with them adequately. In some emergencies, this may also hold true, with the preparation and […]
Courtesy: Risk Assessment service Assessment of risk The process of risk assessment may be somewhat informal at the individual social level, managing economic and household risks, or a sophisticated process at the strategic corporate level. However, in both cases, ability to anticipate future events and create effective strategies for mitigating them when deemed unacceptable is vital. […]
Courtesy: Risk Assessment service Mild Versus Wild Risk Benoit Mandelbrot distinguished between “mild” and “wild” risk and argued that risk assessment and management must be fundamentally different for the two types of risk. Mild risk follows normal or near-normal probability distributions, is subject to regression to the mean and the law of large numbers, and is therefore relatively predictable. Wild risk follows fat-tailed […]
Courtesy: Risk Assesment service Broadly speaking, a risk assessment is the combined effort of: Put in simpler terms, a risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any […]