Advanced Business Analytics Manager (ABAM®)
International Institute of Project Management (IIPM), is conducting a "Advanced Business Analytics for Managers (ABAM®)" which is a Highly practical & Less theoretical course on Business Problem Solving through data-driven decisions course to suit Presidents/Owners, CXOs, CEOs, CFOs, CMOs, CTOs, VPs, Sr.Managers, BDOs, Marketing/Sales Managers, Project Managers, Design Managers, QA/QC Managers etc.
70% Practical Hands-on & 30% theory. Plenty of real life Case Studies. Hands-on exercises in Minitab® for solving day-to-day Business problems.
What is Business Analytics?
Business Analytics (BA) is the study of data through statistical and operations analysis to solve day-to-day Business Problems by the formation of predictive models, application of optimization techniques and communication of these results to customers, business partners and senior executives. It is the practice of iterative, methodical exploration of an organization’s data with emphasis on statistical analysis to solve Business Problems in a fact-based data driven environment. Business analytics is used by top companies as well as Small Medium Enterprise (SME)committed to data-driven decision making for effective decisions.
Who Should Attend?
This Course is a must for all CEOs, CFOs, CXOs, CPO, General Managers, Process Improvement Professionals, Sr.Management Professionals, Business Analytics Professionals, Business Consultants, Human Resources Managers, Business Development Managers, Project Managers, Quality Assurance/Quality Control Professionals, Quality Managers, Supply Chain Managers, Cost Control Managers and Marketing Managers.
Course Structure
This Course teaches you on how to make data driven business decisions by transforming vast amounts of data into valuable information. The need for analytical skills is increasing dramatically, as companies struggle to manage and interpret diverse sources of information and complex databases. It may be noted that Business Analytics is not Big Data. This course will address how to extract valuable information from daily or monthly volumes of data, identify key metrics, use analytical models to predict and or make business decisions, analyze trends, correlations, validate claims, improvements, enhanced performances using Minitab.Duration:
5 days (9:00 AM to 6:30 PM)
Date: 2, 3, 8, 9 & 10 April 2016
Course Fee: Rs. 40,000 + 15 % ST (Laptop Mandatory)
ADVANCED BUSINESS ANALYTICS MANAGER - COURSE CONTENTS
Day 1
1. Introduction to Advanced Business Analytics
- What is Big Data Analytics
- Predictive Analytics
- Advanced Business Analytics & Project Management
- Chi-Square Tests and Nonparametric Tests
2. Chi-Square Tests and Nonparametric Tests
- Chi-Square Test for the difference between two proportions.
- Chi-Square Test for differences among more than two proportions.
- Chi-Square Test of independence.
- McNemar Test for the difference between two proportions.
- Wilcoxon Rank Sum Test: Nonparametric Analysis for two Independent populations.
- Case Study
3. Multiple Regression Model Building
- The Quadratic Regression Model.
- Using transformations in Regression Model.
- Collinearity
- Model Building
- Pitfalls in multiple regression and Ethical issues
- Case Study
4. Data Analysis Overview
- Analyzing Numerical variables.
- Analyzing categorical variables.
- Case Study
Day 2
5. Simulation
- What is Simulation
- Monte Carlo Analysis
- Case Study
6. Optimization
- Taguchi Design
- Optimization using DOE
- Case Study
7. Nonparametric Methods
- Introduction to Nonparametric statistics
- The Sign Test for paired Data
- Rank sum Tests: The Mann-Whitney Test and the Kruskal–Wallis test
-
The One-Sample Runs Test
- Rank Correlation
- Case Study
8. Time Series and Forecasting
- Introduction
- Variations in Time Series
- Trend Analysis
- Cyclical Variation
- Seasonal Variation
- Case Study
9. Case study 1: Health Care Domain (Hospital/Medical Process)
10. Case study 2: Manufacturing Domain (Manufacturing/defective process)
11. Case study 3: Construction/Banking/BPO/Hospitality Domain (Transactional/Services)
12. Q & A
13. Advanced Business Analytics Manager (ABAM®) Exam (2-hours, open book test, practical exercises)
14. ABAM® Certificate Distribution
15 Post -Training Support
16. IIPM - LinkedIn group, Business Analytics For Project Managers - Free Subscription to all IIPM® Patrons.
17. Business Analytics Project Guidance.
18. Project Work (optional) - Participants in a group of 3 to 5 are expected to take a business problem and solve using Business Analytics methods taught in the class and submit to IIPM. IIPM will provide free guidance for 3 months limited to 3 reviews and may the consider such completed projects for award or joint-publications in leading journals or papers or other social media.
Key Deliverables
The course consists of MORE THAN 10 EXCELLENT DELIVERABLES. Some of the key deliverables are:
- Business Analytics Maturity Assessment - GAP assessment which presents the gap in knowledge of participants to put them in the right frame of mind about their current awareness of BA Knowledge irrespective of field / experience -Optional.
- Course Material on Business Analytics.
- Case Study – Practical Application.
- Industry oriented Practical Tips - Tips that carry lots of practical use.
- Business Analytics Project Work Guidance.
- IIPM - LinkedIn group, Business Analytics For Project Managers - Free Subscription to all IIPM® Patrons.
- Advanced Business Analytics Manager (ABAM®)Certificate.
- CASE STUDY based on Business Analytics Course Trial version of Minitab Post -Training Support .
- Trial version of Minitab
- Post -Training Support
- ABAM® Simulated Test - A group test conducted at the end of the course which amply demonstrates the knowledge & confidence gained in the course.
- Access to an excellent library with 250 International books and journals on Six Sigma, Quality, Statistics, Business Analytics, Lean etc.
- You will become a Certified Advanced Business Analytics the end of course on successful completion with A FINAL EXAM. THE EXAM WILL BE AN OPEN BOOK EXAM AND FOR 2 HOURS WITH PASS MARK AS 60% TO AWARD THE ABAM® CERTIFICATE. Exam will contain MCQ’s and Business Problem solving exercises. All SUCCESSFUL participants will be awarded ABAM® Certificate at the end of the course.
- Guest House for outstation candidates: IIPM can arrange for well-furnished, A/C Guest House accommodation for outstation candidates @ Rs.1500/- to Rs.2000/- per day extra. IIPM understands your needs. This is a special additional service to our outstation candidates.
- The participants can identify Business Problems/ Issues in their own organization and pursue it as a Business Analytics project/case study after certification.
- Certificates will be awarded by IIPM.
Faculty Profile
1. Mr. O. Arivazhagan “Ari” - IIPM
Mr. Ondiappan Arivazhagan "Ari", is an Honors graduate in Civil / Structural Engineering from University of Madras. He is a certified PMP, PMI-SP, PMI-RMP from PMI
®, USA. He is also a Master Black Belt in Lean Six Sigma and has done Business Analytics from IIM, Bangalore. He has 30+ years of professional Global Project Management experience in various countries around the World and has almost 15 years of teaching / training experience in Project Management, Business Analytics, Risk Management and Lean Six Sigma and has trained more than 5000+ professionals around the world and has guided several project works. He is the Founder-CEO of International Institute of Project Management (IIPM), Chennai.