Process improvement plan Essay Example | Topics and Well Written Essays - 750 words

Process improvement plan - Essay Example Any company or person operating a business needs the best operational processes to avoid time and resource wasting to ensure maximization of profit. Steps in attaining this process should be identified and recorded according to their performance. It should be noted that proper data collection will enhance effective data analysis towards improving the quality of data management. In a span of 5 weeks, cash flow was recorded showing all the processes involved during the day and the time it takes for each step. Metrics were established towards creating a flowchart that recorded the entire process that was created. According to the data, the process began on Monday and lasted for a period of five weeks. Metrics of the outcome was used to determine the control limits, intervals, and seasonal effects. Process Boundaries Process boundaries is usually established where a process begins and ends with input and output. The process of depositing many is sub-divided into: handing the cash flow pa ttern from the facility to the bank, ensuring figures indicated are of true reflection of the business activities, signing the form, heading to the bank, being served by the relations manager, confirmation of the deposit slip by the manager, head back to the firm and final preparation of the next day`s work. Therefore, this activities constitutions a process boundary since it began and ended and also has input and output. process configuration process metrics A metric is a measure that allows the project team or individual to evaluate various performance constraints within a process; hence, ensuring that monitoring can be done on the processes to check the quality and effectiveness (Guha & Kettinger, 1993). Control limits and processes metric will be used to guide the process improvement plan. The metric used to measure the process's flow was the time flow metrics. This test measures the alignment of the time allocated for each stage with the factors that may disrupt the flow of the process. In order to run a business successfully, it is important to know what is going on with the financial aspect of the business and make sure there is appropriate cash flow. Daily routine is heavily affected by Traffic jams, this cause interruption; 0On the other hand, driving to the bank and from the bank will also a factor to both processes. A process can be delayed if the owner wants to set up a meeting with other workers under his supervision, checking and proper clearance of account books to see if there are missing details. These factors disrupt the time schedule as allocated to each phase. (Wood, 1999) After a successful collection of the data needed the upper control limit, lower control limit, mean and standard deviation were computed. The mean is the average on record of the partaker`s action time. . The mean is from the data given is 93.75 Class limits Frequency Class limits Class limits-mean F2 80-89 2 84.5 -9.25 171.125 90-99 17 94.5 0.75 9.5625 100-109 0 104.5 10 .75 0 110-119 4 114.5 20.75 1722.25 120-129 1 124.5 30.75 945.5625 Standard deviation =2, 838.5/25= 10.89 Accepted mean = (25+10+15+10+30) = 90 minutes The accepted mean from the table is 90 minutes improved performance In the whole process to improve, the owner needs to understand the current state of the process and where he wants them to be in the future. Even if the process is