Lean Six Sigma is the Process Improvement
Lean Six Sigma is a set of techniques and tools for process improvement.
The DMAIC project methodology has five phases:
- Define the system, the voice of the customer and their requirements, and the project goals, specifically.
- Measure key aspects of the current process and collect relevant data; calculate the 'as-is' Process Capability.
- Analyze the data to investigate and verify cause-and-effect relationships. Determine what the relationships are, and attempt to ensure that all factors have been considered. Seek out root cause of the defect under investigation.
- Improve or optimize the current process based upon data analysis using techniques such as design of experiments, poka yoke or mistake proofing, and standard work to create a new, future state process. Set up pilot runs to establish process capability.
- Control the future state process to ensure that any deviations from the target are corrected before they result in defects. Implement control systems such as statistical process control, production boards, visual workplaces, and continuously monitor the process.
Banking Systems - Process
1-Money & the Financial System
3-Interest Rates & Rates of Return
5-Risk Structure & Interest Rates
6-Stock Market & Market Efficiency
7-Derivatives & Derivative Markets
9-Transactions Costs & Structure
12-Financial Crises & Regulation
13-Federal Reserve & Central Banking
14-Federal Reserve’s Balance Sheet