Data Analysis 101

Getting to the heart of performance data

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Last Updated: 2022-07-20 08:07:08 English Course Type: Self Learning

Principles of Process Management
An Introduction to Performance Data - Tools for Data Analysis that works
Understanding Variation
The Control Chart: Highlighting Variation in Data
Control Chart Special Cases
Interpreting the Control Chart
Strategies to deal with Special Cause and Common Cause Variation
Using Data to Drive Improvement
A structure for performance management

Business managers have some very sophisticated data analysis tools at their disposal, and it’s fun to experiment with the advanced formulae available in Excel and other programmes.

However, data analysis is an iterative process and it is important to start with some simple analysis tools to highlight the key issues in the data before exploring those issues with more advanced tools.

That’s where this course – Data Analysis 101 - comes in. This course covers the four basic tools of data analysis that everyone working in an organisation should know. These four tools will help you carry out the initial filtering of performance data in order to highlight the important trends and issues. Often these tools are not covered adequately in business or finance training and this course will give you a good grounding in these simple but immensely useful analysis tools.

Advanced analysis is often difficult to understand for people who are not finance or data experts. Using simple tools to draw out the main points in performance data will improve engagement with the data and will help drive discussions about the appropriate actions to take, rather than heated discussions about what the analysis actually means.

This course will help you get to the heart of understanding the performance data in your organisation, and it will help you present that information to others in the organisation so that the decisions made, and the actions taken, address the real issues affecting performance.

I hope you enjoy the course.

There are no pre-course requirements

Managers
Business owners
Students of business management
Accountants
Finance staff
Accounting students

Section 1 : Data Analysis 101 21 Lectures 01:53:59
Lecture 1 :
Agenda and Principles of Process Management Preview
The agenda for the course and the core principles of process management
Lecture 2 :
The Voice of the Process
Exploring the concept of "the Voice of the Process" and why it is important for performance measurement and analysis
Lecture 3 :
Working as One Team
Working together as one team for improvement
Lecture 4 :
Exercise: The Voice of the Customer
An exercise looking at customer requirements
Lecture 5 :
Tools for Data Analysis
Introducing the tools for data analysis
Lecture 6 :
The Pareto Chart
Using the Pareto Chart for data analysis
Lecture 7 :
The Histogram
Using the histogram to analyse data
Lecture 8 :
The Run Chart
Using the Run Chart to analyse data
Lecture 9 :
Exercise: Presenting Performance Data
An exercise on presenting performance data
Lecture 10 :
Understanding Variation
Explaining variation in business processes
Lecture 11 :
The Control Chart
Using the Control Chart in data analysis
Lecture 12 :
Control Chart Example
An example of the use of the Control Chart for data analysis
Lecture 13 :
Control Chart Special Cases
Lecture 14 :
Interpreting Performance Data
Lecture 15 :
Control Chart Exercise
Lecture 16 :
Strategies to deal with Variation
Lecture 17 :
Using Data to Drive Improvement
Lecture 18 :
A Structure for Performance Management
Lecture 19 :
Data Analysis Exercise
Lecture 20 :
Course Project
Lecture 21 :
Test your Understanding

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Ross Maynard,

122395 Course Views

4 Courses

I am a Fellow of the Chartered Institute of Management Accountants in the UK and have 30 years experience as a process improvement consultant specialising in finance processes. I am a professional author of online training courses for accountants. I live in Scotland with his wife, daughter and Cocker Spaniel