Pie Charts An important part of decision making is having a clear understanding of the information used to base decisions from. Charts can be valuable when a need to represent numerical data would benefit communicating information visually. Some of the most important aspects of a good chart are to select the right type of chart (or graph) that can best characterize the data‚ also‚ to keep the design simple in order for an audience to easily understand the information. One of the most popular types
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The Program Evaluation and Run Technique (PERT) chart is a model for project management. It is a tool designed to represent the tasks involved in a project and analyze the time required for completion during the project management life cycle. It also helps to identify the minimum time required to complete the project. It was developed to simplify the planning and scheduling of a project where all the details and durations of the activities are not known at the start itself. It is used especially
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Henry Gantt’s legacy to production management is the following: * The Gantt chart: Still accepted as an important management tool today‚ it provides a graphic schedule for the planning and controlling of work‚ and recording progress towards stages of a project. The chart has a modern variation‚ Program Evaluation and Review Technique (PERT). * Industrial Efficiency: Industrial efficiency can only be produced by the application of scientific analysis to all aspects of the work in progress
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Assignment # 1 1. What is chart of accounts? Chart of accounts (COA) is a list of the accounts used by an organization. The list can be numerical‚ alphabetic‚ or alpha-numeric. The structure and headings of accounts should assist in consistent posting of transactions. Each nominal ledger account is unique to allow its ledger to be located. The list is typically arranged in the order of the customary appearance of accounts in the financial statements‚ profit and loss accounts followed by balance
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Control Charts Control charts‚ also known as Shewhart charts are tools used to determine if a manufacturing or business process is in a state of statistical control. The control chart was invented by Walter A. Shewhart‚ (also known as the father of statistical quality control) while working for Bell Labs in the 1920s. The company’s engineers were seeking to improve the reliability of their telephony transmission systems. The engineers had realized the importance of reducing variation in a manufacturing
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Gantt charts have become a common technique for representing the phases and activities of a project work breakdown structure (WBS)‚ so they can be understood by a wide audience all over the world. The technique is frequently used in Project Management to help breakdown the project.[5] A common error made by those who equate Gantt chart design with project design is that they attempt to define the project work breakdown structure at the same time that they define scheduled activities. This practice
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Run Charts: Run Charts is a tool for tracking results over a period of time. This can aid in identifying trends or other patterns that may be occurring. Advantages of run charts are ease of construction and interpretation. For this case study‚ we came out with seven run charts according to their segments. From this run charts‚ it is easy for the Tip Top Markets to identify numbers of complaints made by their customers. Furthermore Tip Top Markets can clearly see either the complaints
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Exercise 11 Aim: Preparation and analysis of Pedigree Charts Principle: The Mendelian concept of dominance and segregation can also be studied in humans by preparing and then analysing the pedigree charts. The internationally approved symbols for indicating males and females‚ marriages‚ various generations (I‚ II‚ III)‚ etc.‚ are given below. Requirement: Information about characters/traits in a family for more than one generation Procedure Select a family in which any one of the monogenic
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Task 2 Stakeholder Analysis for Wilkinson Stakeholder group number Stakeholder group name Stakeholder key objectives To what extent the organisations has met the objectives 1. Shareholders / Investors. Provide investments for the companies‚ Operations and/or growth. To make sure that the company invests the funds correctly to give profits to the shareholders and for expansion. 2. Supplier. They will need relevant information of what the company needs and how the supplier will get paid
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item being studied for compliance to a Quality Standard. Here it is a dimension such as the contents of a jar of fruit jam‚ the size of a pair of shoes etc. These are called X-bar and R charts. One calculates X-bar-bar and R-bar averages and these are the centre lines of the SPC run-charts that will be drawn. The charts MUST have these centre lines PLUS upper and lower control AND range limits. The points on these graphs MUST be joined so that a reader can follow the level of quality versus centre lines
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