The concept of six sigma methodology was developed in 1987 in the production industry. Bill Smith of motorola is considered as the father of the six sigma methodology. So the concept of six sigma methodology was developed from the production sector. Generally it is not considered as appropriate technique for the banking and service industries.

In the banking industry, employees are not coped up to adopt this technique because the results are not found to be correct in measurement. To consider the problem solving and process improving opportunities usable in the banking industry, Frankfurt school of management developed a new technique named “kreditsim” for the banking industry specially.

Kreditsim methodology is used as a technique which is more pen-paper process oriented. In it, to complete a single process, the complete process is divided in to the different participants or employees. Each participant will be held responsible for the completion of his own job part. This kreditsim training process is performed as the seminar or single/multiple day webinars.

Like - to perform a loan application process in the bank there will be many activity points to perform -

• submitting the loan application by the business clients

• approval or rejection of the loan requisite application by department head

• consideration of customer requirements

• considering the correct credit rating of the client.

The loan approval process generally takes over the 9-10 days to be completed. The department head, management director, controller, loan processing specialist will be involved in this complete process of loan approval. Each job candidate will be responsible for the completion of their task.  

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The new era of the online examinations is soon going to replace the old paper and pen system and it is going to become the need of the future generation. An online assessment system software is generally considered an effective medium just to make these online exams more reachable, scalable and secured.

Every year a university gets thousands of applications of candidates for any degree entrance examination. They have to face the a regular panic in managing the regular logistics and financial showcase and even the conduct of offline pen and paper exams are the costly affairs.

An overall online assessment software gives the following facilities to the university -

• More flexibility

• more security and reliability

• there is no leakage of the test papers before the conductance of exams

• results are generally instant and accurate

• examinations can be conducted at any of the web center exams in the CCTV cameras

• logistics cost is minimum

• Defining the question paper is comparatively easy  

The overall purpose of the universities behind conducting the online examinations is just to reduce the total turnover time. It increases the integrity of the university in terms of people and operations. In the future of the craze of the online exam software will be on its top.