Management Consulting Approach to Problem Solving
4.3 (185 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
2,351 students enrolled

Management Consulting Approach to Problem Solving

Practical guide with case studies & real life examples how to make better decisions using McKinsey, BCG, Bain tricks
4.3 (185 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
2,351 students enrolled
Created by Asen Gyczew
Last updated 7/2020
English
English [Auto]
Current price: $132.99 Original price: $189.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 6.5 hours on-demand video
  • 5 articles
  • 69 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Make better decisions on the basis of data
  • Analyze fast problems in your private life and business
  • Master management consulting tools, techniques and frameworks
  • Apply the right elements from your management consulting toolbox
  • Find fast potential improvements your life and achieve your goals
  • Calculate in Excel the impact of your decision on your life
Requirements
  • Basic or intermediate Excel
Description

What is the aim of this course?

Time and again you will come across problems that are seeming unsolvable. In many cases you don’t even know how to approach them. Luckily, there are a lot of nice management consulting tools, techniques and frameworks that will help you solve every day problems. You don’t have to go to top consulting firm to master them. You can master them by taking my course.

This course will help you drastically improve your skills in solving problems using management consulting tools, techniques and frameworks. In this course we will mainly concentrate on solving real life problems like: goal settings and defining what and when to do, estimating the cost of a wedding, losing weight and getting in shape, deciding whether to do an MBA or not, choosing the right boyfriend / girlfriend, deciding whether you should buy a car or not, deciding when to retire and many more. If you have a specific problem just let me know and I will give you tips on how to solve it using the tools presented in this course.

The course is designed for people who want to become more data driven and less emotional in the way they solve problems and make decisions. Thanks to the course you will be making better decisions and solve problems that have seemed so far unsolvable. In the course you will learn 3 things:

  1. What consulting techniques, tools and frameworks there are

  2. When to apply each and one of them

  3. How to use them in practice including examples how to calculate specific things in Excel

The course is based on my 14 years of experience as a consultant in top consulting companies and as a Board Member responsible for strategy, performance improvement and turn-arounds in biggest companies from Retail, FMCG, SMG, B2B and services sector that I worked for. On the basis of what you will find in this course I have trained over 100 consultants, business analysts and managers who are now CEO, COO, Directors of Sales, Production, Investment Directors in PE funds, Directors in Consulting Companies, Board Members etc. Over 43 000 students have taken my courses on Udemy. My students apply those techniques not only in business but in their private life as well.

I teach through cases, so for every tool, technique and framework I provide an example, preferably in Excel, that shows you how to apply the knowledge in practice. To most of lectures you will find attached (in additional resources) Excel files shown in the lecture, so as a part of this course you will also get a library of ready-made analyses that can, with certain modification, be applied by you in your work. If you are already working in Management Consulting this course will give you an advantage over your colleagues and will help you get make better choices in your life.


Why I decided to create this course?

Management consulting has been very creative and has produced or popularized the application of many tools, techniques and frameworks that can be used to improve not business but also your private life. By putting those tools and techniques in one course and explaining them using real life examples related to everyday life, I wanted to make this knowledge available to everybody that wants to make better decisions, especially students that are considering joining Management Consulting firms as well as managers that simply need to expand their toolbox with few useful tools.

Things you will find in this course will improve your awareness and skills in analyzing problems that you will be facing in in private life as well as in business. Thanks to this course, you will know what tools, techniques or frameworks to use and how to use them in practice.

To sum it up, I believe that if you want to make better decisions, solve faster problems in your private life you should master techniques presented in this course. That is why, I highly recommend this course not only to consultants or business analyst that have to advice their customers, but also to everybody that wants to make better decision in his life.


In what way will you benefit from this course?

The course is a practical, step by step guide loaded with tones of analyses, tricks, hints that will significantly improve the speed and efficiency with which you solve problems and make decisions. There is little theory – mainly examples, a lot of tips from my own experience as well as other notable examples worth mentioning. Our intention is that thanks to the course you will learn:

  1. What management consulting tools, techniques and frameworks are available

  2. How to use them in practice to solve problems and make better decisions

  3. How to make decisions and solve problems using available information / data

You can also ask me any question either through the discussion field or by messaging me directly in Udemy.


How the course is organized?

The course is divided currently in 4 sections and I will be adding new sections to address other important issues. Currently you will find the following sections:

  • Introduction. We begin with little intro into the course as well as some general info on production

  • Basic tools, techniques and frameworks used by management consultants. In the second section I will discuss the main tools that you can use to analyze and solve problems in real life. We will talk about things like: issue tree, bottom-up approach, top-down approach, backward reasoning, 80/20 rule, benchmarking, cost drivers, opportunity tree and many, many more

  • Intermediate tools, techniques and frameworks used by management consultants. In this section I will discuss more advanced techniques such as: rankings, scenario analysis, representative element analysis, decision tree, OEE, OLE, theory of constraints, Critical Chain and many, many more

  • Advanced tools, techniques and frameworks used by management consultants. In this section I will discuss further more advanced techniques such as: simulation analysis, decomposition analysis, feasibility analysis and sensitivity analysis

I will be adding new sections and lectures in the coming months


You will be able also to download many additional resources

  • Excels with analyses shown in the course

  • Presentation of slides show in the course

  • Links to additional presentations and movies

  • Links to books worth reading


At the end of my course, students will be able to…

  • Make better decisions

  • Analyze fast problems in your private life and business

  • Master management consulting tools, techniques and frameworks

  • Apply the right elements from your management consulting toolbox

  • Find fast potential improvements your life and achieve your goals

  • Prepare you to move on to intermediate level management consulting training

  • Calculate in Excel the impact of your decision on your life

Who should take this course? Who should not?

  • People interested in making better decisions based on data

  • Students that are considering becoming management consultants

  • Management Consultants

  • Business Analysts

  • Small and medium business owners

  • Startups founders

  • Managers

Who this course is for:
  • Students interested in making better decisions based on data
  • Students that are considering becoming management consultants
  • Management Consultants
  • Business Analysts
  • Small and medium business owners
  • Startups founders
  • Managers
Course content
Expand all 150 lectures 06:35:55
+ Introduction
5 lectures 08:43

I will show you here what you can get out of this course. We will talk about applying management consulting tools, techniques and frameworks to improve your decisions.

Preview 02:24

A little bit about me and my experience

Preview 01:47

Here I will discuss what you can learn from the course, what will be the order in which I will show you the 

Preview 01:23

Here I will show you what to do if a blurry image appears

How to deal with Blurry image
02:04

Here I will show you how to find additional resources attached to the coruse like Excel files, presentations, links etc.

How to reach additional resources
01:05
+ Basic toools used by Management Consultants
77 lectures 03:43:10

In the second section I will discuss the main tools that you can use to analyze and solve problems in real life. We will talk about things like: issue tree, bottom-up approach, top-down approach, backward reasoning, 80/20 rule, benchmarking, cost drivers, opportunity tree and many, many more

Preview 01:48

We will go briefly through the case studies that we will use in this section to present you how to use in practice the techniques, tools and frameworks.

Basic tools – Case studies overview
01:58

In this lecture you will get to know our favorite method for first rough estimation – the bottom-up method. We give you also 2 examples with Excel calculation how to use it.

Preview 07:53

Imagine that you have to estimate the costs of the wedding to help Tomasz plan his wedding. Use for that the bottom-up approach. We will use this case study to see how bottom-up approach works in practice

Preview 01:10

In this lecture I will show you the solution to previously introduced case study

Preview 05:09

In this lecture I will show you the solution to previously introduced case study

Preview 02:38

In this lecture I will show you the solution to previously introduced case study

Preview 02:58

Top-down is the little brother of bottom-up approach – not used that often but still very useful for re-segmenting the market (niche an low cost strategy)

Top-down approach
03:45

Imagine that Lukas would like to know how much his colleagues in the other department earn. Use the top-down approach

Average salaries in other department – Introduction
01:30

In this lecture I will show you the solution to previously introduced case study

Average salaries in other department – Solution
03:33

In this lecture I will show you the solution to previously introduced case study

Average salaries in other department – Excel Basic
03:10

In this lecture I will show you the solution to previously introduced case study

Average salaries in other department – Excel Go Seek function
02:33

Le'ts put the top down and bottom-up approach to use. We will have a look at another case study in the next lecture

Top-down approach used in Business
00:15

During this lecture I will show you how on basis of small number of data create a model which will show you how logistics costs are created, on what stage and what is the biggest drivers. This in turn will enable you to apply 80/20 rule

Chicken Producer - Top-down approach - Introduction
06:25

In this lecture we will give you some tips how to approach the case and show you the usage of the proper Excel functions

Chicken Producer - Top-down approach - Tips how to do it
11:21

In this lecture we solve the case with you, show you the outcome, interpret it and give you examples how the results can be presented in terms of Excel and slides

Chicken Producer - Top-down approach - Solution
05:28

In this lecture I show the backward thinking /induction. This approach enables you to design the whole process, company on the bases of the expected outcome

Preview 02:43

Try to estimate at what age can Peter retire using his own savings. To estimate the age of retirement use the backward reasoning

Preview 01:23

In this lecture I will show you the solution to previously introduced case study

When can I retire – No passive income – Excel Basic
05:17

In this lecture I will show you the solution to previously introduced case study

When can I retire – No passive income – Go seek function
03:05

In this lecture I will show you the solution to previously introduced case study

When can I retire – With passive income
02:17

Let’s try to put the backward reasoning to practice. In this case study we will use it to decide what effort has to be done to 10x the current business. A few information about the retailer

  • He has currently 100 stores. Each store sales are equal to EUR 2 M

  • He wants to 10x the business up to Year 5

  • Estimate what LFL growth he must get and how many stores he must open

  • Assuming EUR 1 M per store estimate the Capex

  • Estimate how many people he has to recruit assuming 6 people per store

Backward logic based decisions – Case Introduction
01:03

In this lecture I will show you how to solve the case shown in the previous lectures 

Backward logic based decisions – Solution
04:10

Backward logic can be used in many situations. Below some of them

  • You have a clear goal in the future but not a clear path towards it

  • You want to estimate the pace needed to reach the goal

  • You want to check the implications for you or your department

  • You want to see what are the limitations preventing you from reaching the goal

  • You want to see whether the goal is not too ambitious

  • You want to see whether the goal does not require too big resources

Backward logic based decisions – When it makes sense to use it
02:14

In many cases you can get high end result from compounding effect in time or by getting small improvements in many areas. In this lecture I will explain the concept

Compounded effect
01:52

We will also help Ann decide whether it makes sense or not to take the course for fast reading and what could be the benefit of that

Reading skills – Introduction
01:38

In this lecture I will show you the solution to previously introduced case study

Reading skills – End year
04:26

In this lecture I will show you the solution to previously introduced case study

Reading skills – By weeks result
03:28

Issue tree is a simple yet powerful concept used in consulting for structuring discussion and picking the right topics to concentrate on. In this lecture I will show you the principles of using it as well as a practical example

Preview 01:44

Here I will show example of an issue tree in Logistics

Issue tree – Logistics
01:42

Here I will show example of an issue tree in Retail

Preview 03:47

Here I will show you ana example of Isse tree in FMCG

Issue tree example for a FMCG firm
04:41

Imagine that you would have to create an issue tree for John’s flat. What kind of problem he has and what could be the reasons for that

Issue tree for John's flat – Introduction
01:18

In this lecture I will show you the solution to previously introduced case study

Issue tree for John's flat – Solution
03:17

Without setting the right priorites to tasks you may end-up concentrating on the wrong things.In this lecture we will discuss the ways in which you can set priorities to tasks that you have to perform. At the end I will apply them in an example to show you the difference in outcome

Priorities
04:19

In this lecture I will discuss the role of external and internal benchmarks. They are a powerful help in business and will help you boost your productivity yet have to be used with caution.  At the end I will apply them in an example to show you the difference in outcomes.

Benchmarks – external and internal
03:16

In this lecture I will show you how to use in practice 80/20 rule also known as Pareto principal

Preview 03:04

In this lecture we will talk briefly about applying the low hanging fruits in practice. I will show you the principles of using it as well as a practical example

Preview 02:43

Imagine that you want to help Kate lose weight. Use the low hanging fruit approach to map all the potential solutions. First list activities

Preview 00:36

In this lecture I will show you the solution to previously introduced case study

Preview 02:27

In this lecture I will show you the solution to previously introduced case study

Preview 03:52

Now let's try to use the low hanging fruits for business purposes. In the next few lectures we will use the low hanging fruit framework to identify quick wins when it comes to cost reduction. We will have a look at a drugstore chain that wants to reduce it's costs.

However, first we will have to adjust our framework to cost reduction

Enjoy the case study and if you have any questions please let me know

Low hanging fruits used in Business
00:18

Let’s look how the quick win framework looks for savings. We will look at 2 dimensions:

  • What is the potential savings we can achieve

  • How easy it is to implement it?

We will have thanks to 4 categories of projects that we can consider:

  • Cow savings – easy to kill and big

  • Elephant – difficult to catch yet big

  • Chicken savings – easy to kill yet you need to kill a lot of them not to be hungry

  • Bat savings – small and difficult to catch

Quick wins for cost reduction
02:49

Remember that the potential reduction in costs depends on 2 elements: potential percentage cost reduction and the cost starting point:

  • Potential % cost reduction

  • Cost starting point

We will discuss this in this lecture

Quick wins for cost reduction – Remarks on Pontetial Savings
01:21

Imagine that you have to identify quick wins in cost reduction for an international chain of drugstores. We know their cost structure

  • A few information about the firm that we will be analyzing

  • They have 4 000 stores

  • We have their cost structure

  • They have send us a list of projects that will help them reduce costs

  • Estimate the potential and group them using the quick wins framework

Quick wins in Drugstore – Case Introduction
00:57

In this lecture we will solve the previously introduced case

Quick wins in Drugstore – Cost Structure
02:59

In this lecture we will solve the previously introduced case

Quick wins in Drugstore – Cost Reduction
03:06

In this lecture we will solve the previously introduced case

Quick wins in Drugstore – Summary
02:39

Goals are good as long as they are SMART. In this lecture we will talk briefly about applying this useful concept in practice. I will show you the principles of using it as well as a practical example: some of them general and one specific for consulting

Set SMART goals
05:50

Let’s help Tom get in shape by using the SMART goal framework. Help him achieve his goals in 9 months

How to get into shape – Introduction
01:22

In this lecture I will show you the solution to previously introduced case study

How to get into shape – Losing Weight Basics
03:34

In this lecture I will show you the solution to previously introduced case study

How to get into shape – Losing Weight Summary
02:24

In this lecture I will show you the solution to previously introduced case study

How to get into shape – Lifting
01:41

In this lecture I will show you the solution to previously introduced case study

How to get into shape – Running & Summary
03:09

Key Performance Indicators are extremely important to understand and manage a business. In this lecture I will show you how this is achieved. In the next lectures I will show You using an exmaple of a cinema company how to apply KPIs in practices

KPIs and business drivers – Introduction
02:53

In this lecture I will show you the case you have to solve. As a first step you will have to define the KPIs that matter in the cinema business

KPIs for cinema – case to be solved
00:33

In this lecture I will show you the logical structure to the case presented in the previous lecture

KPIs for cinema – solution
01:53

Once you are done with the logical structure you should build the analysis in Excel on the basis of it

KPIs for cinema – Excel
05:15

The data you have gathered will be used in your business analysis. You can also fill in the slides prepared in the very beginning and modify it if needed

KPIs for cinema – Power Point
01:57

In this case study you will be asked to define the drivers and KPIs for the marketplace / 2-sided business model

KPIs for marketplace – Problem
00:37

In this lecture I will discuss the KPIs that you should concentrate on in marketplace business model

KPIs for marketplace – Solution
02:57

In this lecture I will discuss the KPIs that you should concentrate on in marketplace business model

KPIs for marketplace – Alternative Solution
01:55

In this case study you will be asked to define the drivers and KPIs for the SaaS business model


KPIs for SaaS – Problem
00:57

Here I will show you some examples of SaaS businesses. This will help you to understand the nature of the business and define proper drivers and KPIs

Examples of SaaS businesses
02:03

In this lecture I will discuss the KPIs that you should concentrate on in SaaS business model

KPIs for SaaS – Solution
02:40

Let’s imagine that you have to define the personal KPIs for Giuseppe that will help him make sure that he is increasing his chances of being happy

Personal KPIs – Introduction
02:19

In this lecture I will show you the solution to previously introduced case study

Personal KPIs – Solution Part 1
03:51

In this lecture I will show you the solution to previously introduced case study

Personal KPIs – Solution Part 2
03:51

Opportunity tree is a tool that you can use to generate new ideas to improve your business by looking at main drivers of your business

Opportunity Tree
03:19

If you want to understand well a business you have to be able to identify the cost drivers that shape the business model. In this lecture I will show you how to do that

Cost drivers
02:33

Here we will discuss a very useful concept that is used in business and should be also used when making serious long-term decisions the so called the total cost of ownership

Total cost of ownership
02:43

Let’s imagine that Peter is considering 2 choice: buying an apartment or renting it. Let’s use the total cost of ownership to see what makes sense.

Rent or buy a house – Introduction
01:17

In this lecture I will show you the solution to previously introduced case study

Rent or buy a house – Rentig cost
03:17

In this lecture I will show you the solution to previously introduced case study

Rent or buy a house – The loan
04:20

In this lecture I will show you the solution to previously introduced case study

Rent or buy a house – Buying the apartment
04:12

In this lecture I will show you the solution to previously introduced case study

Rent or buy a house – Comparison
02:05

Here we will summarize all the methods we have learnt in this section

Basic tools – Summary
01:37
+ Make-or-buy analysis
9 lectures 20:17

As a management consultant or a manager you will quite often have to decide whether to something internally or buy it from 3rd party supplier. In this cases you have to perform make-or-buy analysis. We will discuss this in detail in this section

Make it or buy it – Introduction
01:28

We are back to Maria. Using previous case study we will try to decide which activities she should delegate using the make-or-buy analysis.

Delegating some work to others – Case Introduction
01:25

In this lecture I will show you the solution to previously introduced case study

Delegating some work to others – Analysis of activities
02:57

In this lecture I will show you the solution to previously introduced case study

Delegating some work to others – Summary
01:47

Imagine that you have to analyze for a consulting firm whether it makes sense or not to produce online course devoted to Data Science. In this lecture I will show you a few information about the firm that we will use to pick the optimal solution

Make-or-buy courses – Case Introduction
01:37

In this lecture we will solve previously introduce case study. We will have a look at the make option

Make-or-buy courses – Make Option
03:51

In this lecture we will solve previously introduce case study. We will have a look at the buy option and we will compare make and buy options.

Make-or-buy courses – Buy Option
01:50

In this lecture we will solve previously introduce case study. We will have a look at the buy option and we will compare make and buy options.

Make-or-buy courses – Comparison
02:40

In some cases even if it is more expensive to make than to buy it still makes sense to make:

  • There is no content on the right level

  • Your standard differs from the general standards

  • You treat the teaching system also as a standardization tool

  • You grow drastically in terms of people

  • You want to keep the knowledge to yourself

  • There are not specialists in a specific area

  • Legal reasons & NDAs

Make it or buy it – When to make even if it is more expensive
02:42
+ Intermediate toools used by Management Consultants
44 lectures 01:45:32

In this section I will discuss more advanced techniques such as: rankings, scenario analysis, representative element analysis, decision tree, OEE, OLE, theory of constraints, Critical Chain and many, many more

Preview 02:07

We will go briefly through the case studies that we will use in this section to present you how to use in practice the techniques, tools and frameworks.

Intermediate tools – Case studies overview
01:47

Quite often you have options that you want to somehow compare and rank them. Thanks to the ranking you not only give points but you can sort them from the most wanted to the least desired. In this lecture I will show you how to use rankings and when 

Preview 03:00

In the next few lectures I will show you how to build rankings in practices. We will have a look at 2 rankings examples.

In the first one we will help Maria pick the ideal boyfriend using a ranking

In the second example we will help a mil producer decide which new product he should develop. Again for that we will use rankings. Enjoy the cases studies and if you have any questions please let me know!

Rankings – Case studies
00:18

We will help Maria pick the ideal guy / boyfriend. For this try we will use a specific ranking which will take into account 4 criteria

Preview 00:54

In this lecture I will show you the solution to previously introduced case study

How to chose the right boyfriend – Ranking in Excel
03:37

In this lecture I will show you the solution to previously introduced case study

How to chose the right boyfriend – Ranking Summary of Results
02:41

In this lecture I will show you the solution to previously introduced case study

How to chose the right boyfriend – Criteria how they are defined
04:19

In this lecture I will show you the solution to previously introduced case study

How to chose the right boyfriend – List of options & Vlookup
01:17

In this lecture I will show you the solution to previously introduced case study

How to chose the right boyfriend – VLOOKUP
02:55

In this lecture I will show you the solution to previously introduced case study

How to chose the right boyfriend – VLOOKUP & Match
03:38

In this lecture I will show you the solution to previously introduced case study

How to chose the right boyfriend – Final remarks
01:43

In this lecture I will show you the solution to previously introduced case study


How to chose the right boyfriend – Solution in Power Point
01:12

Let’s have a look at milk producer that wants to expand its product range. In this case you will be asked to analyze and find the best candidates for brand expansions. 

How to expand the brand – Introduction
02:38

In this lecture I will show you how to solve the case shown in the previous lectures.

How to expand the brand – Solution – Part 1
03:29

In this lecture I will show you how to solve the case shown in the previous lectures.

How to expand the brand – Solution – Part 2
02:58

Future is pretty difficult to figure out. You don’t know what will happen. In those cases it is a good idea to consider a few different scenarios. One of the ways to face it is via scenario analysis. I will show you how to use it in practice 

Scenario analysis – Introduction
03:21

Let's put to use the sceario analysis. In the next few lectures we will analyze 2 case studies:

  1. Is it better to own a car or to use Uber - cost and benefit comparison for different scenarios

  2. How to motivate 3rd party sales reps - comparison of different scenarios

Scenario analysis – Case Studies
00:13

Let’s imagine that you were to decided whether it makes more sense to buy a car or to use Uber

Preview 01:33

In this lecture I will show you the solution to previously introduced case study

Preview 04:08

In this lecture I will show you the solution to previously introduced case study

Car vs Uber – Uber
01:32

In this lecture I will show you the solution to previously introduced case study

Car vs Uber – Comparison of costs
01:39

Let’s imagine that you have to decide which method to support sales reps that work for retailers will be the best one. Help you customer analyze which method is better. We will discuss what other methods are used by your competitors and what you should pay attention to in order to decide which methods is better

How to motivate not yours sales reps – Case Introduction
02:33

In this lecture I will show you the solution to previously introduced case study

How to motivate not yours sales reps – Trainings
04:58

In this lecture I will show you the solution to previously introduced case study

How to motivate not yours sales reps – Contests
02:17

In this lecture I will show you the solution to previously introduced case study

How to motivate not yours sales reps – Incentive trips
02:32

In this lecture I will show you the solution to previously introduced case study

How to motivate not yours sales reps – Loyalty program
02:19

In this lecture I will show you the solution to previously introduced case study

How to motivate not yours sales reps – Summary and Comparison in Excel
02:01

In this lecture I will show you the solution to previously introduced case study

How to motivate not yours sales reps – Solution in Power Point
02:26

Let’s imagine that you were to help George decide whether it makes sense to go to USA for MBA

How much is MBA worth – Introduction
00:53

In this lecture I will show you the solution to previously introduced case study

How much is MBA worth – the Loan
03:21

In this lecture I will show you the solution to previously introduced case study

How much is MBA worth – Pessimistic scenario
03:10

In this lecture I will show you the solution to previously introduced case study

How much is MBA worth – Optimistic & Realistic
02:22

In this lecture I will show you the solution to previously introduced case study

How much is MBA worth – Comparison
02:31

In many cases there are a lot of options that you can consider. For simplicity you want to limit the options and get down to 1-5 representative elements. In this lecture I will show you how to use this technique in practice 

Representative element analysis – Introduction
02:35

Let’s imagine that you friend Oliver has to prepare a 300-slide presentation. He wants to estimate how long it will take him to finish the presentation.

How long will it take to prepare the presentation – Introduction
01:19

In this lecture I will show you the solution to previously introduced case study

How long will it take to prepare the presentation – Time needed
02:13

In this lecture I will show you the solution to previously introduced case study

How long will it take to prepare the presentation – Deadline
02:30

Quite often you have to make important decision faced with uncertainty. In those situation it is very useful to apply the so called decision tree. In this lecture I will show you how to use this technique 

Decision Tree Analysis – Introduction
03:12

Quite often you have to make important decision faced with uncertainty. In those situation it is very useful to apply the so called decision tree. In this lecture I will show you how to use this technique 

Decision Tree Analysis – Solution
02:30

Let’s imagine that you have to help Adam and Eva pick the best size of the house for their family. They have currently 1 kid but will have more. Pick the optimal solution.

How big house should I build – Introduction
02:43

In this lecture I will show you the solution to previously introduced case study

How big house should I build – Small House
02:24

In this lecture I will show you the solution to previously introduced case study

How big house should I build – Big House
02:06

In this lecture I will show you the solution to previously introduced case study

How big house should I build – Power Point
01:38
+ Advanced methods
14 lectures 36:58

We show here how to use the so called OEE (Overall Equipment Efficiency) Analysis that shows you how efficient you are in using your resources. It is very useful for checking whether you use well machines and equipment

Preview 03:10

Let’s imagine that you have to help Jorge become more efficient. For that use the Overall Labor Efficiency Framework and estimate by how much he can improve

What happens with Jorge time – Introduction
00:54

In this lecture I will show you the solution to previously introduced case study

What happens with Jorge time – Data for the case
01:34

In this lecture I will show you the solution to previously introduced case study

What happens with Jorge time – Analysis of data
02:46

In this lecture I will show you the solution to previously introduced case study


What happens with Jorge time – OLE & Improvements
03:40

In every company you have bottlenecks that limit your ability to go forward and deliver more goods and services. Here I will show you how to estimate what is the impact for the whole system and how you can remove improve them. I will use simple production example to show you the effect on the whole system. You will see how the bottleneck can shift from 1 shift to another. You will also learn how to prioritize where it make sense to invest to get the best results.

Before doing this lecture I strongly encourage you first to take the OEE lecture – we use the OEE concept here so if you are not familiar with it please start with OEE lecture as a warm-up.

Theory of constraints and bottlenecks
03:14

Your friend Ivan works in a content marketing agency and wants to improve the work of his team. Help him using the bottleneck framework

Content marketing agency – Introduction
01:29

In this lecture I will show you the solution to previously introduced case study

Content marketing agency – Solution
02:27

One of the biggest problem for efficiency is the so called Parkinson’s Law – Work expand so as to fill the time available for its completion. People when asked to evaluate the time certain things will take build in buffers. One of the ways to deal with it is the so called Critical chain. Here I will show you what it is

Critical Chain
03:16

Decomposition analysis shows you what are the components, driving forces behind certain phenomena. I will talk about this technique in this lecture and when to apply it 

Decomposition of effects analysis – Introduction
02:48

Adrian is single again and wants to understand better what is the best way to pickup girls. Have a look at his history and help him

How to get a girlfriend – Introduction
01:03

In this lecture I will show you the solution to previously introduced case study


How to get a girlfriend – Decomposition framework
02:45

In this lecture I will show you the solution to previously introduced case study

How to get a girlfriend – Analysis of historical data
04:30

In this lecture I will show you the solution to previously introduced case study

How to get a girlfriend – Action plan
03:22