Definition of Continuous Improvement Model



Many models and tools are used widely by organizations for continuous improvement.  The most famous model is the plan, do, check & act (PDCA) cycle;

 


Plan: Find out the opportunity and make plans for change

Do: Implement the plan for change on small scale for pilot testing

Check: Measure the results from the change implemented

Act: If the change shows positive results, implement the change on a larger scale, and monitor the data for a few months. If the change didn’t work on a larger scale, start the cycle again.


View More Cost Accounting Definitions