Statistical Process Control Methods [due Mon]

Assignment Content

1. 
   Class,Please see below for attached grading criteria and points. Please be sure to use a process that you are familiar with and can evaluate data for the SPC analysis. —- can you look up wholesale lending – operations in the lending industry.

   Purpose of Assignment
   
   

2. The purpose of this assignment is for students to learn how to apply Statistical Process Control Methods to a business process.
   

3. Resources

   Microsoft® Excel® and PowerPoint®
   
   Assignment Steps Select a complex continuous process from your personal life or work. The process can be the same as in Week 1 assignment.
   
   Complete the following:

   • Use Microsoft® Excel® to calculate the defined process metrics including variation and process capability.
   • Use Microsoft® Excel® and PowerPoint® to develop and display a control chart for the process.

   Evaluate the control chart and process metrics using Statistical Process Control (SPC) methods.
   
   Evaluate whether the process could benefit from the use of Six Sigma tools.
   
   Develop a 525-word executive summary in which you describe your Statistical Process Control project and include the control chart with SPC.
   
   Format your assignment according to APA guidelines.