Saturday, December 28, 2019

Conflict Resolution Implementation Plan Free Essay Example, 1250 words

A mediation agreement is reached and incase of further disputes the contractual agreement is produced in the court of law. Concilitation is another technique that can be used in this case where all the stakeholders agree to direct their grievances to an environmental expert and a professional conciliator. The conciliator who meets the stakeholders differently to cool the tensions and suspicions thus averting bad perceptions and feelings that the always go to ‘square one’ whenever they meet as stakeholders. The conciliator does not hold any legal authority but prevents any court applications by stakeholders hence, averting any difficulties (Mihai, 2012). Arbitration technique can be used where all the interested parties will be subjected to rule of law and observe the public order. Hence, the process is based on the will of all stakeholders in the island. When the agreement is reached, an arbitration clause is registered, and the agreement becomes a consensual contract (Mihai, 2012). IBLA will act as the arbiter in the matter as it is the mandated body to hear the appeals from the local resi dent by the federal government. Negotiations is a technique that can be used where all the stakeholders in Island are involved in direct engagement. We will write a custom essay sample on Conflict Resolution Implementation Plan or any topic specifically for you Only $17.96 $11.86/pageorder now Negotiation can be the simplest and fastest method of ADR but in this case it failed due to mistrusts and lack of communication skills. Recommendation Mediation is the best technique to be used is solving the impulse between the stakeholders. Community mediation allows the problem-solving technique by allowing the autonomy of the conflictual stakeholders ideas, recognition mutually and encourages the stakeholders empowerment (Dennis J. D. Sandole, 2009). This is because both simple negotiations and conciliatory have failed due to lack of trust and communications skills, thus the mediator will come hardy in that he will collect data, listens to all stakeholders, identify the important issues, cater for special interests for minority and help in developing settlement options (Dennis J. D. Sandole, 2009). The mediation is a shift in grievance process in that is a positive move in resolving the issues in the island in a less costly with more effective decision-making process for all the stakeholders, parties and the mediator (DONNA MARIA BLANCERO, 2010). The mediator will diminish the tension of interest’s conflicts arising fro m different stakeholders, by identifying the concrete methods of abiding in the obligations of the agreement and even seeking the opinion of the expert on environment, economic-tourist specialist and real estate developer or construction engineer.

Friday, December 20, 2019

Analysis Of Daddy By Sylvia Platt - 901 Words

In the poem â€Å"Daddy† the main character explains his dislike of her father and how he is happy that he has died. He stated that she would have rather killed him herself. I believe that his father was a Nazi during the Holocaust. Initially when I first read the story I did not understand the meaning of it, but after reading it a second time I understood why the main character felt the way he felt. The main character was afraid to be around his father, He couldn’t even sneeze the wrong way around him. Her father is described as a big hefty man that she described as a â€Å"bag full of God†. She also felt as if she was not German because she had not learned the language and felt distant from him, she felt more like a Jew and even started talking like one. It is also revealed that she killed her husband and that her mother might be half Jewish. Sylvia Platt was and American poet Born in Boston, Massachusetts on October 27th, 1932. At a young age Platt found a liking to poetry and earning a scholarship to Smith College in 1950. During her years in college she interned for magazines as guest editors. In 1953 Platt attempted suicide by taking sleeping pills. She received help and returned to Smith and obtained her degree in 1955. After graduating from Smith she left America and traveled to England to attend Cambridge University where she met poet Ted Hughes. They married in 1956 and Platt continued to follow her dreams despite ongoing problem in her marriage. Platt then traveled back

Wednesday, December 11, 2019

International Financial Reporting Standards Professional Accountancy

Question: Discuss about the International Financial Reporting Standards for Professional Accountancy. Answer: Introduction: Investigate and Write a Brief History of the IFRS The professional accountancy bodies from the UK, the US and Canada made the firsts move in the area of convergence of accounting standard in 1966 and proposed the creation of the Accountant international study group (AISG). The rationale behind this move is to design comparative analysis in the three nations with respect to the accounting and auditing practices. The AISG released 20 comparative analysis reports till 1977 when it was disbanded (Barth et al., 2006). At the 40th World congress of Accountants held in 1972 in Sydney Sir Henry Benson proposed the formation of IASC (International accounting standard committee). One of the three AISG countries discussed and signed the approval and supported by the members of the specialized bodies of accountancy in Germany, France, Mexico, Australia, the Netherlands and Japan the International accounting standard committee (IASC) was founded in 1973 (Barth et al., 2006).The first chairman elected was Sir Henry Benson and Sir Paul Rosenfield was appointed as the primary secretary in the new organization. In only one of the nine original International accounting standard committee (IASC) countries only Germany, a relatively few of the registered business applied IASs in presenting statement to domestic investors. The chief objective of the International accounting standard committee (IASC) establishment aims to design a common set of premium standards for global accounting to substitute the accounting norms nationally (Irvine, and Lucas, 2006). The International accounting standard committee (IASC) issued 41 standards between 1973 and 2001 before it was reinstated by the international accounting standard board .It was consented by the EC to implement IASs or IFRS (international financial reporting standards) for all registered business in Germany, the UK France, and Netherlands along with remaining twenty one member countries by 2005 (Irvine, and Lucas, 2006). The government of Australia and standard setter had undertaken the adoption policy related with IAS by the year 2005.The roadmap for adoption policy set by The US is 2014 to 2016. The convergence with IFRS (international financial reporting standards) is also considered by Japan and Canada. In 2002 a memorandum of understanding (MOU) was signed by FASB (financial accounting standard board) of US and the international accounting standard board (IASB) with regard to US GAAP and international financial reporting standards (IFRS).In the agreement of Norwalk pledge was undertaken by both financial accounting standard board (FASB) and international accounting standard board (IASB) to jointly work for the development of accounting standards that provides high quality and compatible both in the domestic accounting and cross border reporting of financial aspect. There is an argument that the changes implemented in the US GAAP can have an implication on the international business accounting environment. Gannon and Ashwal (20004), make an argument that the endeavour of the financial accounting standard board (FASB) and IASB (international accounting standard board) have changed accounting process in respect to the US GAAP and more changes are projected as the difference between th e international financial reporting standards (IFRS) and US GAAP continues to narrow. In the recent past many countries both developed and developing implemented the international financial reporting standards (IFRS) with respect to the accounting and financial reporting. The lead taken by European Union (EU) since 2005 made it mandatory for all listed companies who are members of EU to implement and start adapting to IFRS in reporting. Almost 120 counties have implemented or converged with IFRS across the globe (Ball, 2001). International financial reporting standards (IFRS) are global accounting practice that is gaining acceptance across the globe rapidly. IFRSs are more oriented by the principle and objectives. They are based on the concept that the rules followed by then would have universal application and can be used by public companies worldwide to conduct their financial reporting. The implementation of IFRSs as formulated by IASB (international accounting standards board) is anticipated to lead to the appliance of universal set of standards related with finan cial reporting involving member of European countries and other member countries that have adapted to IFRSs. Nevertheless comparability is not likely to happen from the adoption of IFRSs (Ball, 2001). Thus it can be stated that internationalization and globalization will result in the reduction of much of the differences in the rules and application of accounting across countries, it will result in elimination of it and it is not expected to do that. Ball (2006) states the view that implementation of IFRSs will unlikely to be same and it may impact the perception and reporting of IFRS quality on the part of accounting professionals. According to Sunder (2010) there are six element of decision process for countries willing to implement the international financial reporting standards (IFRS). They are making contribution to wealth and prosperity of the community, relevant information included from all component of economy, long term steadiness, adjusting to alteration in the fiscal atmosphere, vigorousness against manipulation and confrontation to capture by tapered interest group (Bhattacharjee, 2009). The argument and debate of implementing IFRS is not limited ot the cost and benefit but it also is related with the implication of global financial reporting in case of the modification of IFRS as a outcome of the process of adoption. There is also concern in context to the varied version of IRFS and the difference in the implementation process apart from the IFRS present in label merely. The implementation and adoption of the IFRS in the European union and other 120 nation is confronted with a range of constraints for the implementing nation which are considering the implementation or confronted with the issues of deciding on when, how and why to go for the implementation of the IFRS system (Bhattacharjee, 2009). In this regard the benefit of IFRS can help them and it include greater comprehension and transparency of the financial report, reducing the cost of capital for the business and increasing the price of the shares based on the higher investor confidence and information transparency, reduction of standard setting cost nationally, regulation of securities market easily, financial data across borders and accessories opportunities related with investment can be compared easily, enhanced credibility of local markets to FDI clientele and potential partners considering merger and acquisition deal and potential lenders related with the financial statements of business entity in developing countries. Nigerias Current Accounting Regulatory Framework and its Progress Towards Standardising on IFRS The international monetary fund, the world bank, the G8 and G7countries, international organization of security commission (IOSCO), the United Nations (UN), the organization for economic co-operation and development (OECD), Finance ministers and central bank governors, and Basel committee on banking supervision in the international front have recommended the implementation of IAS or universal global set of accounting standards globally (Winney et al., 2010). In 200 the US SEC concept published on the IAS also promoted the convergence of quality global reporting of financial framework globally that will improve the strength of capital markets. In this regard the EU identified in the year 2002 a universal set of financial norms as a crucial support in developing a money market unity in European country. In the domestic market many countries and government along with tax regulator prefer a global accounting practice to monitor and tax the business entity conducting operation within the ir boundaries. In the context of Nigeria the convergence was initiated by the government of Nigeria in 2012 was supported by Nigerian accounting standard board (NASB) that has renamed as financial reporting council (FRC), Central bank of Nigeria (CBN) and Nigerian stock exchange (Winney et al., 2010). Generally the accounting and disclosure system of a country is crucial to the fiscal system and financial environment of the economy. This is guided by the contracting and informational requirement of the major stakeholder in the country and its function in the capital market and corporate governance. As the book-keeping method is corresponding to other aspect in the corporate structure, a match among them is obvious what outcome in various book-keeping method and financial management across different nation (Tarca, 2004). The corporate structure has implication over the structure and approach of accounting method and the application of global accounting standards. The requirement of Stock exchange is an integral part of the corporate framework and has direct implication on the application of international accounting system. The other implication includes foreign exchange choice of the company and the kind of disclosure. The listing of companies over the border create the need for IF RS reporting very essential for business entity with listing in stock exchange based on the jurisdiction related with IFRS. Convergence, Harmonization and Adoption of IFRS and its Clarification The harmonization process related with international financial system and followed by the process of convergence process in the 90s with respect to IFRS is concerned with the globalization of the wealth and financial market. In practice in it agreed that book-keeping and financial harmonization is essential for the globalization of wealth and financial markets. Financier in the capital and financial market now get opportunities to invest across the globe. Many companies undertake expansion of business across the national borders consistently. Business entities are able to seek capital at the minimum cost anywhere. The capital and securities market are increasing trhe capital flow with cross border. Some of the largest stock exchanges in the world execute the merger discussion and business deal with the help of internet (Tarca, 2004). In this regard the major concern is financial report transparency that encourages lenders, investors and other parties to gather the financial data of t he companies and conduct comparative analysis from one company in one country with other in another country. In addition there is requirement to give financial data with reliability, relevancy and comprehensive to fulfil the investors needs and help them to compare performance and take decision related with buying, holding and selling enabled by the minimization of differences related with the accounting and financial report between different countries. The term harmonization can be defined as the settlement of various book-keeping and accounting method by arranging into one group with the objective of keeping the standard form whereas content exhibit differences significantly. Convergence can be defined as the concept of bringing or converging the international accounting standard prescribed by the IASB and present accounting standard prescribed by the setters of standard nationally with the objective of removing option in financial system for events and transaction. The core purpose of convergence process is to establish a universal set of high quality and consistent international accounting standard internally as prescribed by IASB and followed by all the setters of standard nationally. The requirement for international accounting standard convergence for global standard setters is done with below objectives Identifying the increasing importance of global accounting standard. To make sure that individual standard setter does not exercise monopoly with respect to the best solution to problems in accounting. To make sure that national standard setters is not in a position to gain acceptance globally to set accounting standards. To elucidate different aspect of fiscal reporting where the countrywide standard setters is not capable to act on their own. Convergence is an approach whereby standard setters from across the countries conduct healthy discussion related with the problems of accounting and come to joint agreement using the combined experience thereby taking right decision. Obazee (2007) emphasis that convergence can be undertaken by two ways and they re adoption promoting complete implementation of IASB accounting standard or adaptation promoting modification of IASB accounting standard to adjust to the domestic market and financial attributes without deviating from the book-keeping standard and disclosure principles of the IASBs accounting standard. Convergence was developed with the view to transport accounting standard such as US GAAP and IFRS and harmonize by bridging the distance by producing standards that are identical. Based on SEC(2010) IFRS adoption across the globe require two approaches and they are convergence approach and endorsement approach It divides jurisdiction not following the IFRS ADOPTION as stated b y the IASB as observing the convergence approach. They maintain their local accounting standard but taking measures to converge and follow IFRS in the course of time as exhibited by the case of China. On the other hand endorsement approach is related with jurisdiction promoting individual process of IFRS to match with the local standard as exhibited by the countries in the EU. The concept of adoption with respect to IFRS is related with the complete implementation or application of IFRS without any change in the practice (MARLBOROUGH, 2004). The process of convergence may support adoption based on a stipulated time frame but it is not replacement for the process of adoption. Thus it is recommended that countries should oppose the enticement of convergence approach and opt for complete adoption of IFRS. This approach is identified to have the highest impact on the reporting of accounting and financial function, provide improved transparency and the financial statement disclosure. Nev ertheless the distinct evidences of the financial implication related with the IFRS adoption process have been stated to be limited. Benefits of IFRS Adoption Thus the suggested process of adoption of IFRS process helps in better comprehension and transparency, cost reduction in capital to business and higher prices of shares based on the improved investors confidence and data transparency, national standard setting cost reduction, securities market regulation getting easier, financial data across national borders and accessories of opportunities of investment can be compared easily, reduction of standard setting cost nationally, regulation of securities market easily, financial data across borders and accessories opportunities related with investment can be compared easily, enhanced credibility of local markets to FDI clientele and potential partners considering merger and acquisition deal and potential lenders related with the financial statements of business entity in developing countries (MARLBOROUGH, 2004). In case of international business the process assist o meet the disclosure procedures of security exchange formalities across the world. The other benefits related with the adoption of IFRS the reduced exposure to political pressures compared to the national standards, guidance to local implementation based on local situation on consistent basis, and the attempt for raising the accounting standard to the optimum possible level of quality across the globe. The final market impact of the process of convergence is an application of two impacts. The first impact is the primary informational and it is if convergence process enable book-keeping quality positively or negatively (Nobes, and Zeff, 2008). The second impact is related with the acquisition expertise and it is of the investors gain expertise in international accounting and it is related with the cost factor of developing the needed expertise. Thus it can be stated ex ante final market impact related with the process of convergence is not certain. Thus based on the article Brexit is done, now what about accounting and the position of UK after the exit from European Union it is evident that the adoption of IFFR by Nigeria is useful measure in making the accounting and financial report in accordance with the international accounting system as prescribed by IASB (Nobes, and Zeff, 2008). The uncertain future of Britain in the light if Scotland and Northern Ireland seeking to leave Britain makes it is not the right choice. Thus Nigeria implementing the adoption of IFRS will help to facilitate capital flow across the globe and increase the interest of lenders and investors helping the economy of the country. References Ball, R., 2001. Infrastructure requirements for an economically efficient system of public financial reporting and disclosure. Brookings-Wharton papers on financial services, 2001(1), pp.127-169. Ball, R., 2006. International Financial Reporting Standards (IFRS): pros and cons for investors. Accounting and business research, 36(sup1), pp.5-27. Barth, M.E., Landsman, W., Lang, M. and Williams, C., 2006. Accounting quality: International accounting standards and US GAAP. Manuscript, Stanford University. Bhattacharjee, S., 2009. Problems of adoption and application of international financial reporting Standards (IFRS) in Bangladesh. International Journal of Business and Management, 4(12), p.165. Gannon, D.J. and Ashwal, A., 2004. Financial reporting goes global. Journal of Accountancy, 198(3), p.43. Irvine, H.J. and Lucas, N., 2006. The globalization of accounting standards: the case of the United Arab Emirates. Malborough, N., 2004. International Convergence of Financial Reporting Standards. Nobes, C.W. and Zeff, S.A., 2008. Adoption of IFRS around the World and the lack of Clear Audit Reports on the Issue. Accounting Perspectives (forthcoming). Sunder, S. and Monopoly, I.F.R.S., 2010. The Pied Piper of Financial Reporting, being paper prepared for information for better markets conference ICAEW. London December, pp.20-21. Tarca, A., 2004. International convergence of accounting practices: Choosing between IAS and US GAAP. Journal of International Financial Management Accounting, 15(1), pp.60-91. Winney, K., Marshall, D., Bender, B. and Swiger, J., 2010. Accounting globalization: roadblocks to IFRS adoption in the United States. Global Review of Accounting and Finance, 1(1), pp.167-178.

Wednesday, December 4, 2019

International Journal Six Sigma Advantage -Myassignmenthelp.Com

Question: Discuss About The International Journal Six Sigma Advantage? Answer: Introducation The Project is for developing the continuous improvement plan for a company. The company called as Latino Engineering is a midsize company which consists of 300 employees in a place called New South Wales in Australia. The founder of the company was Dominic Latino. The company offers the design, development and the production of the specialist engineering equipment for different oil gas, utilities, construction and infrastructure industries. This company has covered many investors who wanted to become a stakeholder or even the owner of the company by buying it entirely. After spending 30 years in the company, Dominic wanted to sell the Latino Engineering. Dominic at the age of 65, sold his company. After the takeover, some of the senior engineers went for other opportunities. The new owner of the company tried the best to maintain the name of the company. But after one year of the takeover, the company received many issues from the client side. The issues are going to be discussed i n the upcoming sections and the continuous improvement plan is going to be generated for resolving the issue. The root cause of the issue is to be identified and then the plan is to developed to resolve the mentioned issues. The Six Sigma approach is used for developing the continuous improvement plan for the Latino Engineering. The steps involved in the Six Sigma approach is followed for the continuous improvement plan. The tools techniques that are used in the six sigma approach is also discussed in this assessment. Issues in the Company Issues that are found in the Latino Engineering company after one year of the takeover is listed below. Defects are found in the delivered engineering equipment. Design issues and the development follow up issue with the client. Taking more turnaround time to resolve the issue. The Customer service team was not responsive. In some of the cases, the engineering equipment was packed and delivered wrongly to the clients. Six Sigma Approach Six Sigma is the approach that is used in the organizations for improving the ability of the processes involved in the business. The increase in the performance and the decrease in the variation of the process makes the reduction in defects and it improves the profits, morale of the employee, product quality or service of the product. It is considered as a data driven approach and the experts of the six sigma use the quantitative and qualitative methods to improve the process of the organization (Rao, Bajpai and Verma, 2009). The six sigma methodology includes a two different methodologies called as DMAIC and DMADV as follows DMAIC D - Define M - Measure A - Analyse I - Improve C - Control DMDAV D - Define M - Measure A - Analyse D - Design V - Verify The above mentioned steps is used to identify the root cause of the issues and then the implementation of the solution to resolve the identified issues (Rao, Bajpai and Verma, 2009). The pictorial representation of the six sigma approach in the perspective of the project is in the appendix 1. This six sigma approach has some benefits. The benefits of using this approach is listed below. Customer Loyalty is improved. The use of six sigma manages time consumption of the project in an efficient way. Cycle time gets reduced. Employees involved in the project gets motivated. Planning of the project follows a strategy. Managing the Supply Chain (BPM, Lean Six Sigma Continuous Process Improvement | Process Excellence Network, 2017). Continuous Improvement Plan for the Latino Engineering The steps to be followed in the six sigma for the continuous improvement plan in the Latino engineering company is discussed in this section. The diagram for DMAIC is represented in the Appendix 2. The steps in the DMAIC are considered as the backbone for any process improvement. This DMAIC makes the team members of the project to identify and analyse the root cause of the issues, then to resolve the issue (Das and Roy, 2009). The plan is drawn and represented in the Appendix 6. Define Define is the first step that makes the project success. The elements that are essential for the project is to be accomplished by using the following steps. Sponsorship attainment for the project. Project Charter and objective of the project ct establishment. Determining the stakeholders and the team members. Establishment of the team rules Planning and organizing the kick off meetings in an appropriate way. Addition to the mentioned steps, Process maps and the maps for the deployment are to be determined for a successful project (Reddy and Reddy, 2010). Measure The second step in the six sigma approach is the Measure step. The decision has to be made on a gut feeling. There should not be any hesitation in making decisions. The base decision should be taken in the basis of data and its facts (Uluskan, 2016). The steps to be followed in the measure step is listed below. Identification and define the operations of the key metrics Development in the Data Collection plan. Perform an analysis in the measurement of the system whether the deliverable is accurate. The charts has to be drawn considering the baseline. Charts and graph has to be represented so that the team members will understand the process easily and then the errors, defects can be reduced and the turnaround time can be minimized (Blog.iil.com, 2017). Analyse The Analyse step is the process to find the root cause of the problem that the client face in the deliverable. The root cause for the issue is that not understanding the scope of the project and the mistakes that are made by the team because of the less coordination between the different sectors of the manufacturing process. The materials, methods, machines, and people involved in the process should be interrelated so that the mistakes can be avoided. The cause and effect relationship should be found among machines, materials, method and people. Considering the issues that are found in the Latino Engineering company, the root cause found is that the misunderstanding in the sectors or there is no thorough review on the products manufactured by the company. For instance, if the client complains that there is an issue or defect in the equipment, then it is the mistake of the quality team which missed to check the damage or quality of the product. Likewise each issue is concerned with ev ery team of the project (Deshmukh and Lakhe, 2009). Improve The improve step is the step that is to be processed after define, measure and analysis steps. The root cause found in the above steps has to be considered and the solution for resolving the root cause is to be implemented in this step. The resolution for the root cause is to ensure the better coordination among all the teams. For instance if an issue is complained by the client, then it is very important to take the issue immediately and work on it very quickly. To reduce the turnaround time for resolving an issue, the team has to split the work and it has identify the main problem and work on it soon (Mandal, 2012). A chart has to be drawn and represented in the pictorial form to ensure the clients that the improvements are made in the products in which they had a issue. The chart is represented in the Appendix 5. The coordination among the teams should be improved to solve the root cause of the issue. Control The control step is the most significant step in the DMAIC steps. The improvement steps will be implemented in the process but initially the steps will not go good. It will take time to set. The aim of the control step is to make sure that the recommendation of the team has been implemented correctly and successfully. If there found any deviation in the implementation step, then it should be controlled in this step. If for an instance, because of the defective products the manager will force the quality team to cross check all the products to make sure that there is no damage in the product. For this reason, the quality checker should not take more time for one product, then it should be controlled. so that the consumption of time in testing the products will come into a control (Deshmukh and Lakhe, 2009). Six Sigma Tools The experts of the six sigma always use the qualitative and quantitative technique to make the continuous improvement plan in an effective way (Timans, Ahaus and Solingen, 2009). Problem or Requirement Definition A project charter should be drawn to determine the aim or scope of the improvement team. Voice of the customer is to ensure the feedback of the client. Value stream map has to be drawn to determine the overview of the whole project (Narasimhan, 2009). Process Performance Measurement Process map has to be drawn for monitoring the progress of the activities. Failure mode and effect analysis to identify the product, service and failures in the process (Timans, Ahaus and Solingen, 2009). Improvement in the performance The improvements in the process performance is made by finding the root cause of the problem. The root cause is the starting point where the issue has started (Asq.org, 2017). Control in the improved process Control plan has to be developed to keep the improvement implementation in its current level. Statistical process control is applied to monitor the behaviour of the process Mistake proofing which is known as poka-yoke to make the errors completely impossible or instantly detectable (Narasimhan, 2009). 7 QC Tools 7 QC tools - Quality Control tools. The 7 QC tools is used to make the improvement in the process continuously. It was suggested by Walter Shewhart. Pareto Diagram Cause Effect Diagram Histogram Control Charts Scatter Diagrams Graphs and Charts Check Sheets Pareto Diagram Pareto Diagram is one of the 7 tools that is used to arrange the items in an organized order according to their magnitude of the contribution. This tool is used in the Statistical Project Control and in improving the quality for prioritizing the projects. The tool is used to tabulate the items in an order using X and Y axes (ToughNickel, 2017). Cause and Effect Diagram A cause and effect diagram is the tool that is used to represent the inter relationship between the results or the effects and its possible causes. It is one of the effective tools in 7 tools that generate ideas systematically about the major causes of the problem and to represent those causes in an uniform structured form. This diagram is also known as Ishikawa Diagram (ToughNickel, 2017). The inter relationship or the cause and effect diagram is represented in the Appendix 3. Here the methods, materials, methods and people are considered in the cause and effective diagram. As these are the main elements in the manufacturing industry, it is considered as the elements in the cause and effective diagram. After considering the main groups or element of the process, then it is very important to brainstorm to determine the causes and subsidiary causes that are possible in the groups that are identified. Histogram Histogram is also called as the Frequency distribution diagram. It is represented in the form of bar charts. The bars can be either vertical or horizontal. Collect the data that is involved in the issue. Draw X and Y axis, decide the elements that are to be included in the x axis and that in the y axis. Draw the bars either vertically or horizontally to represent the frequency. A histogram is drawn to identify the issues involved in the wrong deliverable to the clients. Therefore the causes for the wrong deliverables issue is represented in the Appendix 4. The things that can be a cause for the wrong delivery are taken and bars are drawn with respect to those issues that are involved in the wrong orders (ToughNickel, 2017). Control Charts Variability is common in all production processes. These type of variations occurs in the process because of the two reasons that are Chance causes and Assignable Causes. The control charts can be p-chart, np-chart, c-chart and u-chart. P-charts are used in the case when the sample size is the constant value and the np-charts are represented when the sample size is a variable. C and U charts are used to plot the number of defects that are found in the process (Magar1 and B. Shinde2, 2014). Scatter Diagram If a problem analysis is to be performed, then it is important to find the relation between the variables that are involved in the process. The relation may exist or it may not exist between the variables of the process. If it exists, then it may be either positive or negative. It may be simple or complex. A best tool to study the relation between the variables is the scattered diagram (Magar1 and B. Shinde2, 2014). Graphs Graphs are the pictorial representation of the data. Pictorial representation of the data makes a clear understanding. There are various types of graphs as follows Bar Graph - For comparing the size of the data. Line Graph - Used to represent the changes evolved in the data. Gantt Chart - for planning and scheduling. Radar Chart - To differentiate the data before changes and after changes. Band Graph - To represent the data before applying changes and after applying it (Magar1 and B. Shinde2, 2014). Check Sheets are the tools that can be used for the data collection. Data that are collected using the check sheet, should be classified in a meaningful way. The classification makes to understand the relation between the data and the data dispersion. This is called as the Stratification Analysis (Magar1 and B. Shinde2, 2014). Conclusion The assessment is the analyse about the company called Latino Engineering which is located in New South Wales in Australia. The Company has taken over by the investors. The issues are complained by the clients regarding the engineering equipment of the company. The root cause of finding the issue has been discussed using the six sigma approach. The Six Sigma approach consists of 5 steps namely Define, Measure, Analysis, Improve and Control. The six sigma tools that are to be used in the resolution of the issue is discussed. The 7 QC tools which are used in the manufacturing process traditionally is explained in detail. According to the 7QC tools, some of the diagrams are drawn and represented in Appendices. The 7 QC tools has to be applied in the process to resolve the issues. The company would have come across some idea about the issues that are involved in the delivery of the product. Six Sigma approach is the effective approach that is used in the continuous improvement plan for t he Latino Engineering Company. If this project management strategy is followed by the company, then it may be easy to find the issues of the process. Then the resolutions for the identified issues can be determined easily. References Ashok Sarkar, S., Ranjan Mukhopadhyay, A. and Ghosh, S. (2013). 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