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Fundamentals of Pareto Analysis

Fundamentals of Pareto Analysis

Fundamentals of Pareto Analysis

podcast episode with speaker Fred Schenkelberg

Pareto Analysis is a simple yet powerful tool that provides a visual way to help focus on the most critical tasks. The idea that 80% of your field failures come from 20% of the failure mechanisms is one way we can focus on the vital few instead of the insignificant many.

Let’s explore the basics of conducting Pareto Analysis, plus a few different ways to create and modify the plots. Of course, we’ll talk about some potential problems and pitfalls to avoid.

Bring your questions and success/failure stories using this tool. There should be plenty of time for a discussion.

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SOR 981 Asset Management vs Performance

SOR 981 Asset Management vs Performance

Asset Management vs Performance

Abstract

Philip and Fred discuss the important differences between Asset Management “Systems” and “Asset Performance”. Philip has been teaching at the university level for over 10 years as an industry expert and has concluded that adherence to Asset Management System and certification does not equate into great asset performance. There is a very big disconnect between the asset performance of those organizations who are actually certified in asset management systems like ISO 55000. If you have a good Asset management “System” in the industry today it does not guarantee that you will have great “Asset Performance”.

Why ISO “management systems” like ISO 9000 and ISO 55000 and ISO 14000 are not well suited to produce top “Asset Performance”.

ISO is after all – a self-confession – “say what you do – then back it up with documentation to prove you do what you say!”

Why is poor asset performance possible form certified organizations? Why is top performance in an industry occuring where organizations are not certified to ISO 55000? Why do digital twins fail to deliver?

Remember – “the pursuit of Performance is the only thing that makes you Excellent!”.
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QDD 146 Unraveling QA, QC, Quality Assistance, and Quality 4.0

QDD 146 Unraveling QA, QC, Quality Assistance, and Quality 4.0

Unraveling QA, QC, Quality Assistance, and Quality 4.0

I’m sure you’ve heard it before:

Quality is everyone’s responsibility.

You’ve also heard the terms “quality assurance” and “quality control”. Have you heard of “quality assistance” or “Quality 4.0?

What’s the difference between all of these terms, especially with quality assurance and quality control, the two oldest terms in the list?

As a designer, how are you supposed to interact with these terms? If quality is everyone’s responsibility, then what are yousupposed to do for quality assurance and quality control? Are there different ways you’re supporting each of these ideas inhow you design?

How does quality assistance and Quality 4.0 fit into the design picture?

Let’s explore some official definitions, the changes in quality that led to the quality assistance and Quality 4.0 terms and givesome context of quality with respect to design.

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Understanding (how bad) the Exponential Distribution (is)

Understanding (how bad) the Exponential Distribution (is)

Understanding (how bad) the Exponential Distribution (is)

podcast episode with speaker Chris Jackson

We often use probability distributions to help us characterize the likely values a random variable will have. This includes the random variable we call ‘time to failure’ or TTF, which is how long something works before it fails. Failure is a random process, but just because it is random, doesn’t mean it’s unpredictable. Products that wear-in will have vastly different probability distributions for TTF when compare do products that wear-out. So you need to have a good idea of the probability distribution of the TTF of your product when it comes to reliability engineering. But we often see in textbooks and standards the ‘exponential distribution’ simply being assumed as a ‘good’ TTF probability distribution. But is it? And what happens when it isn’t … but you use it anyway? Join this webinar to find out!
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AP 006: Navigating the Flow: Innovations in Water Asset Management at De Watergroup

AP 006: Navigating the Flow: Innovations in Water Asset Management at De Watergroup

Navigating the Flow: Innovations in Water Asset Management at De Watergroup

In this episode of the Asset Performance Podcast, we delve into the pivotal roles of asset management and technological innovation in the water sector. Cindy Vermeire, Director of Distribution and Supplies, brings over two decades of experience to her oversight of maintenance, asset management, and investments within the drinking water network. Filip Vancoillie, responsible for asset and process management, emphasizes translating high-level strategies into actionable plans, integrating digital solutions to achieve operational excellence.

A significant challenge addressed is managing water losses across a vast network of over 34,000 kilometers of main pipes. Through strategic data use and digital technology implementation, such as sensors and digital customer meters, leakages are detected and managed more efficiently. The episode also highlights the importance of engaging the workforce in the transformation process and emphasizes the significance of data reliability, effective communication, and storytelling in driving organizational change within the water sector.e

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QDD 145 Simplifying Probabilities for Better Decision Making

QDD 145 Simplifying Probabilities for Better Decision Making

Simplifying Probabilities for Better Decision Making

Ever find yourself stuck trying to gauge the likelihood of an event?

What if you could transform your approach to probability assignments with just one simple trick?

On this episode of Quality During Design, we talk about simplifying probabilities for better decision making. We uncover a method to assign probabilities and occurrence ratings during preliminary assessments.

We share a technique that involves breaking down an event into smaller, more manageable parts, helping you understand and analyze it better. This method makes it easier to assign likelihoods because it provides better understanding of the event, clearer context, and consideration of what may drive things to happen.

Then, we relate these parts to conditional probabilities. We offer example explanations and practical applications to help you grasp conditional probabilities.

Plus, for those looking for additional resources, we have a cheat sheet that can further simplify these concepts for you. Not a subscriber yet? Visit qualityduringdesign.com to sign up and start receiving valuable insights directly in your inbox.

Join us to learn how these techniques can simplify probabilities, improve your assessments, and boost your team’s decision-making.

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