Shared Flashcard Set

Details

FM Block VIII PE 3a
Financial Management Officer Course
15
Finance
Graduate
06/02/2013

Additional Finance Flashcards

 


 

Cards

Term
measure the status of an organization
Definition
What is the purpose of Metrics?
Term

 o   Establish a continuous process improvement (CPI) environment whereby all Airmen are actively eliminating waste and continuously improving processes 

 

Definition
What is the vision for AFSO21?
Term

o   effectively and efficiently deliver war-winning, expeditionary capabilities (deployed and in-place) to the joint commanders

 

Definition
The overarching intent of AFSO21 is to _______
Term

o   Prepare for and participate in the joint fight, anywhere, anytime

o   Develop, maintain, and sustain the war-fighter edge

o   Provide motivated and accountable Air Force warriors

o   Continually improve our ability to meet the ever-changing demands of the world, our enemies

o   and inevitable fiscal constraints

Definition
By achieving a CPI operating style, to what will the Air Force be better positioned?
Term

o   Results-oriented

 

o   Total Air Force

 

o   Sustained and deliberate application of AFSO21 principles

 

Definition
What three factors are AFSO21 program success based?
Term

o  5 Whys

o   Brainstorming

o   Pareto Analysis

o   Affinity Diagrams

o   Fish Bone Diagrams

o   Control Charts

Definition
Explain Six  Lean tools that can assist the Airman in determining the "true' Root Cause?
Term
  • Which of the Root Cause Analysis tools should I use?Why these tools?
  • Who do I need to involve in the Root Cause Analysis?
  • What is (are) the root cause(s) according to the tools?
  • Will addressing these root causes address th performance gap
  • Can the problem be turned on or off by addressing this root cause?
Definition
What are the four questions airman should keep in mind to help guide them through Root Cause Analysis process?
Term

Initial Problem Perception

Clarify the situation

Located the point of cause of the problem

Cause & effect investigation

Definition
What are the parts of the systematic approach to problem solving?
Term
ability to see top results "20%" factors influencing "80%"
Definition
What is the expected outcomes of the Pareto Analysis?
Term
  • Organization of information into themes or categories
  • Use of information to discuss results
Definition
What is the expected outcomes of the Affinity Diagrams?
Term

o   Trade-off between digging as deeply as possible and fining the deepest point that is still within the team’s sphere of influence

Definition
What is the definition of Root Cause Analysis?
Term

o  Simple method to help problem solving teams’ drill down to the “true” root causes

o   Helps teams to drill down to the chain of events that lead to a problem. Teams should not take “five” as an absolute, as they may need to go deeper than five and rarely ever reach root causes in fewer than five steps

o   Teams start with a simple problem statement and ask, “Why did the problem occur?”  

Definition
Define 5 Whys?
Term

o   Open environment to throw out as many ideas as possible can be a useful means of pulling the information out of the team member that they did not realize was important

o   Technique that allows the creative subconscious of team members to throw out ideas in a nonjudgmental setting

Definition
Define Brain Storming?
Term

o   Known as cause and effect diagrams

o   Simple way to visually depict the relationship between specific categories of process inputs and the undesirable

o   Look like a fish skeleton, with six ribs branching off a central spine

o   A problem statement serves as the fish head, with the six ribs representing the six broad categories of causal factors: Manpower, Machine, Method, Material, Measurement, and Environment

Definition
Define Fish Bone Diagrams?
Term

o   Can objectively graph the output of a process over time

o   Usually includes predefined upper and lower performance level limits

o   Objective and disciplined approach that enables correct decisions regarding control of the process, including whether to change process control parameters

Definition
Define Contgrol Charts?
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