The author analyzes the Six Sigma model for improving process efficiency. In essence, a six sigma process is one in which the margin of error is zero or insignificant in terms of the products manufactured. The margin of error is 3.4 defects per million, which translates into 99.99966% efficiency. …
Download full paperFile format: .doc, available for editing
Extract of sample "Project Management: Six Sigma Model"
Download file to see previous pages
In the wake of globalization, a lot of change in terms of organizational processes, customer relations and advertisement amid the emergence of faster and more efficient means of accessing, retrieving delivering information about products and services. Subsequently, this has also changed customer relation networks in a way that old business models are either inefficient or they no longer work at all. The contemporary competitive business environment leaves no room for error. To survive in it, an organization must invent smart ways of gaining a core competitive edge against rivals by relentlessly searching for new ways to exceed customer expectations. This is the reason why Six Sigma has become an integral part of organizational culture.
Going by the definition in the Harvard Business Review, the Six Sigma Process Improvement is described as a business management stratagem initially devised by Motorola in 1986. Afterward, the Six Sigma Process Improvement became a popular business strategy after Jack Welch incorporated it into General Electric’s organizational mainstream in 1995. Six Sigma has since become a widely used approach in contemporary sectors of many industries. The Six Sigma approach aims at improving and enhancing the quality of process outputs by discovering and getting rid of defects and errors and the causes of those errors and defects (Hahn et al 209).
Six Sigma also seeks to minimize inconsistencies in manufacturing and business processes. In the Six Sigma improvement process, there is a set of quality management methods that includes a wide range of statistical methods and people with special expertise in those methods. Each Six Sigma process undertaken within an organization has quantified financial targets and it follows a designated chain of steps to achieve the selected goals such as cost reduction or maximizing returns. The phrase ‘Six Sigma’ was coined from terminology related to manufacturing; specifically terminology linked to statistical modeling of manufacturing processes.
...Download file to see next pagesRead More
Save Your Time for More Important Things
Let us write or edit the term paper on your topic
"Project Management: Six Sigma Model"
with a personal 20% discount.