What is FMEA? Also called: potential failure modes and effects analysis; failure modes, effects and criticality analysis (FMECA) Begun in the 1940s by the U.S.

What does SWOT stand for? SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT Analysis is a technique for assessing these four aspects of your

Leadership and Management Differences Management consists of controlling a group or a set of entities to accomplish a goal. Leadership refers to an individual’s ability to

What is PDCA Cycle? PDCA is an iterative four-step management method used in business for the control and continuous improvement of processes and products. It

What is Efficiency and Effectiveness? Efficiency and effectiveness are not the same thing. Efficiency is defined as the ability to accomplish something with the least amount of wasted

What is 6 ( Six ) Sigma? Six Sigma (6σ) is a set of techniques and tools for process improvement. It was introduced by American engineer Bill