Quality Improvement Plan



Introduction

The methodology of Six Sigma DMAIC process is a system that brings measurable and considerable improvements to existing processes that are falling below specifications. The DMAIC methodology can be used when a product or process is in force in your business but do not meet the specifications of the customer or is otherwise not perform adequately.  The sequence of a Six Sigma project using the DMAIC Six-Sigma process A Six-Sigma improvement project goes through from the planning stage through to completion of five phases (Stamatis, 2002). The phases of Define, Measure, Analysis, Improve and Control form a closed loop, called the DMAIC cycle.

The name can be traced back to the abbreviations of the work content of each step. Below we provide an overview of the individual process steps, so that you can end up with a picture of the entire DMAIC process and thus make over the course of a Six-Sigma project (Stamatis, 2002). The following figure shows the different phases of the DMAIC Six Sigma process and gives a brief overview of the work content of the respective phases of the DMAIC cycle.

Executive Overview of Your Project and Quality Improvement Efforts and Scope

In this assignment we will be discussing the Quality Improvement Plan for which we will use Six-Sigma implementation to the risks associated to Camden Property Trust which were discussed earlier. There were two risk associated with Camden Property Trust they were: Pure risk and Price risk. In order to minimize the effects of these risks we will be implementing Six-Sigma DMAIC model to this company (Eric, 2009). By implementing it will observed that the total quality of the organization will enhance. Six-Sigma is one of the techniques which is used to enhance the quality and work processes of the organization. The risks that were identified were:

Pure Risks

Pure risks are those in which an economic loss would be the only possible outcome if the contingency should occur that is this risk provides only replace lost or not lost.

Price Risk

Price risks associated with Camden Property Trust also include the investment risk; it describes the possibility of financial losses in the investment activities of the enterprise. In accordance with the types of activities separated and the types of investment risk - the risk of real investment and financial risk of investing.

Phase 1 - Define

This phase of a Six Sigma project is the planning phase, which describes the potential problems and areas for improvement. Various tools and Six-Sigma tools in this phase are applied and help projects as a Six-Sigma to identify suitable and to create the prerequisites for a successful project (Subir, 2002). A key tool in the first phase of the DMAIC process is the project charter, in which the problem to be addressed, describe the key figures of this, such as error rate or the like, and accurate information about the project participants, and their powers are included. General information about the project, such as the planned project duration, etc. find herein input.

With the SIPOC analysis, the improvement project is presented in rough form to have an overview at the beginning. To deeper representations occurs only at later stages of the Six ...