The Project charter is an informal contract between the organization and the team.  A project charter will define the focus of a project, the problem, the goal, the scope, team and metrics linking the team's objectives together.  The project charter often is revised multiple times throughout a project.

  Assets is an accounting term that is used for items and resources that a company already owns.  The term is used on a balance sheet to classify these items.  Assets on hand are not the same as liabilities.  The APICS Dictionary defines the term Assets as:

  "Batching" or batch production is a technique used in both office and manufacturing environments.  This type of production creates the object or activity over a series of workstations one stage at a time.  The objects are created in "groups" or "batches."  

  One piece flow is the concept behind the just-in-time system.  An environment that operates in a One-piece flow fashion is when items or services are processed in one piece at a time. 

  The ©STUDY activity was inspired by Mr. Taiichi Ohno's famous stand in the circle training method.  

  Continuous improvement is the act of making incremental and regular improvements, which is often referred to as kaizen.

  Jidoka is a term that describes one of the key pillars of the Toyota Production System.  Sakichi Toyoda first invented Jidoka or Autonomation back in the mid 1890's.  

  Six Sigma is a strategy that gives organizations a structured means to improve business processes and solve problems.  In other words, it is a methodology that uses different improvement tools in an effort to continuously improve business processes. The main focus or intention of Six Sigma is to decrease process variation and improve the quality of products and services.  The result of improved business processes leads to increased performance, reduced defects, reduced variation, improved use of capital and resources and more stable and consistent results/outputs.