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Vishwadeep Khatri

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About Vishwadeep Khatri

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  • Name
    Vishwadeep Khatri
  • Company
    Benchmark Six Sigma
  • Designation
    Founder CEO

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  1. Q 364. Customer thinks more highly of a company if a defect is fixed rather than when the company provides a defect free product to the customer. This is Service Recovery Paradox. Does it imply that a company should change the focus from defect free production to after sales service? Support your argument with logical examples. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questio
  2. Q 363. What is meant by "noise factors" in context of experimentation? How can one overcome the effects of these noise factors? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time. Ques
  3. Q 362. What are the 4 types of Logical Relationships (or task dependencies) in project management? Provide a suitable example for each of the relationships. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as p
  4. Q 361. Correlation coefficient is denoted by 'r' and R Squared (coefficient of determination) is the square of 'r'. Why do we need to run a full regression analysis if the simpler correlation coefficient itself tells us about the extent of relationship between two variables? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://w
  5. Q 360. Methods-time Measurement (MTM) helps determine the standard time in which a worker should complete the task. Explain MTM along with an example. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Sta
  6. Q 359. What is a Neural Network? What are some of its usages in decision making? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time. Questions launched on Tuesdays are open till Friday and qu
  7. Q 358. Generally accepted confidence level for any statistical test is 95%. Are there any situations that warrant a change in the confidence level? Provide relevant examples. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evenin
  8. Q 357. In the world of Project Management, it is common practice to create Project Charter in Initiation phase. This does not contain the scope. Definition of scope is done in Planning phase. (The five phases are Initiation, Planning, Executing, Monitoring & Controlling, and Closing). In the Lean Six Sigma world, the DMAIC Project Charter includes the scope. What is the reason for this difference in approach towards managing a project? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions s
  9. A Cabin Crew member in an Airline can be seen as an individual contributor or as a supervisor. As an individual contributor, a Cabin Crew member can benefit in the following ways. Building a preventive mindset - By understanding how various issues can be listed, quantified and prioritized for resolution. A changed mindset about problem solving - By learning that problems can be and should be resolved permanently. (with an aim of zero recurrence) A Cabin Crew member who aspires to become a supervisor or is already a supervisor has a lot more opportunity
  10. Q 356. Theory U is a change management tool that can help organizations break past unproductive patterns of decision making. Explain Theory U and its applications. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as p
  11. Q 355. Problem solving methods focus more on statistical significance, whereas a good solution should also be practically significant. What is practical significance? Support your answer with suitable examples. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open
  12. Q 354. VRIO Framework can help businesses build competitive advantage over their competitors. What is VRIO framework and how is it deployed? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standa
  13. Q 353. What is Argument Mapping? How is this tool effective in collaborative decision making? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time. Questions launched on Tuesdays are ope
  14. Q 352. An organization cannot solve for all problems at the same time. Hence they need to prioritize. ICUKU is one of the tools that can help organizations prioritize projects. Explain ICUKU and its usage with an example. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the lat
  15. Q 351. 'It is the set of the sails, not the direction of the wind that determines which way we will go!' - is a quote most suited for Hoshin Kanri. What is Hoshin Kanri and how can it help steer the organization in the right direction? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to resp
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