Show Notes
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn: - Root Cause Analysis (RCA) on the CAPM exam focuses on finding the fundamental origin of a problem, not just its surface-level symptoms. - The Fishbone (or Ishikawa) diagram visually maps a single effect (the problem) to its potential causes, categorized into groups like the 6 Ms (Manpower, Method, Machine, Material, Measurement, Mother Nature). - The 5 Whys technique involves repeatedly asking "why" (typically around 5 times) to drill down from a symptom to uncover the true underlying cause. - A common exam trap is to confuse an intermediate cause with the root cause; always follow the causal chain to its conclusion. - The Fishbone diagram is a brainstorming tool for exploring many possible causes, while the 5 Whys is a linear tool for finding a specific causal chain.
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More from Business Exam Prep
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.