Loan Process Example

Step 1 Step 2 Step 3 Step 4 Step 5 Step 6

1 hour 24 hours 38 hours 5 hours 16 hours 8 hours

Performance Target: 96 hours

Simulated Assumption Parameters

Process Step
Cycle Time Parm 1 Parm 2 Parm 3 Distribution Total hours
Chart
0 data
25 50 75 100 125
Step 1 1 1 0.25 Lognormal (mean, st dev) Step 1 0 1
Step 1 Step 2 1 24
Step 2 24 8 24 40 Triangular (min, likely max) Step 3 25 29
Step 2 Step 4 54 5
Step 3 29 16 32 80% Custom (two conditions) Step 5 59 16
32 48 20% Step 3 Step 6 75 16
Step 4 5 1 8 Uniform (min, max)
Step 4
Step 5 16 (Fit to data on Data tab)
Step 5

Step 6 16 16 4 Normal (mean, st dev) Step 6

Cycle Time 91
Loan Closing Data

Loan Data
14
12
20
18
11
15
21
12
17
10
12
16
15
15
14
19
19
9
14
14
16
19
18
19
22
15
10
15
14
18
15
12
21
18
16
20
24
23
14
16
20
18
9
20
18
16
13
15
25
13
17
7
26
16
17
15
22
13
14
16
21
10
21
16
13
11
17
19
11
18
17
17
19
13
19
10
16
17
15
21
22
16
8
14
8
13
12
19
13
11
20
15
18
17
12
18
23
13
17