Accounting Management (ACC202) Group Assignment PREPARED BY: Zahid Arshad (11201253) Saba Siddiqui (11300885) Aisha Asif (11201403) Fahad Arshad (11300497) Sigma Counting Chart 3Introduction 3HiStorical Study by Sixistoric 3The Quality Revolution and TQM 3The Origin of Six Sigma 4Six Sigma metrics 4The evolution of Six Sigma 4Implementation of Six Sigma 4DMAIC approach, project selection and statistical methods 5Step 1: Define opportunities: 6Step 2: Measure performance: 6Step 3: Analyze opportunities: 6Step 4: Improving Performance: 6Step 5: Controlling Performance: 6Other Elements of Six Sigma 7Designing for Six Sigma 7Lean Manufacturing 8Future of Six Sigma 8Combining Six Sigma with Other Initiatives 8Other Trends 8Conclusion 8Reference: 9Six SigmaIntroduction“Six Sigma is a well-known, company-oriented to the project and analytical approach based on the reduction of instability, the elimination of defects and the reduction of waste resulting from products, processes and negotiation. The Six Sigma initiative is a major force in today's business world for quality and business improvement. Analytical and statistical methods have a crucial role to play in this process."Historical Development of Six SigmaThe Quality Revolution and TQM"Folaron has provided a broad view of Six Sigma within the archival substance of industry development and of the related impact on the quality of processes and products." "Various management systems have also appeared as structures in which to implement quality improvement. One of them is total quality management (TQM), which is a strategy for implementing and managing quality improvement activities organization-wide. TQM has achieved only moderate success for a variety of reasons.""There was often no re... ... half of paper ......n important part of their operations.“It is expected that applications healthcare will increase in importance. It has been documented that improvements in healthcare have the potential to save thousands of lives and billions of dollars. For continued success of Six Sigma, it is necessary to incorporate a broader range of statistical methods, especially those most appropriate for the growing amount of data available in applications. productivity in applications worldwide. The use of arithmetic methods and means is a key factor in this metric-based approach.Reference:332 DC MONTGOMERY & WH WOODALLWomack & Jones,1996.Perry & Bacon (2007Snee & Hoerl, 2003 , 2005`````````````````````````````````````````````````````````````````