A failure mode and effects analysis, often abbreviated FMEA, refers to a risk management technique that adds to quality assurance processes. In this article, we are going to see a definition of the concept, followed by a step-by-step guide on how to create a failure mode and effects analysis on your own. FMEA Definition The […]
Feasibility Analysis: What It is and How to Conduct One
A feasibility analysis is useful when you want to see how feasible a business, a project, or an idea is. The concept is not a complicated one, and it comes in handy when you want to launch a new project. Today we are going to see a definition of it, together with a step-by-step guide […]
How to Use a Knowledge Management System? Definition and Ideas
A knowledge management system is sometimes confused with business intelligence, which has pretty much the same goal of acquiring data for making business decisions. However, there are a couple of important differences between them. For this reason, today we are going to look at a knowledge management system definition, learn how to use it, and […]
What is the Right of Survivorship and How Does It Work
The right of survivorship refers to a legal attribute that has been vastly used throughout the years. It is a topic that might interest you if you are buying a property together with one or more other people. Today we are going to see a definition of the right of survivorship, as well as an […]
CQ Or Cultural Intelligence: What It Is and Why It’s Important
Cultural intelligence is a concept that has been more and more used in the recent years in fields like education, business, academic research, etc. It has become an important concept, which is why today we are going to see a definition of it, as well as get a glimpse of its importance in today’s world. […]