Final answer:
The Six Sigma approach is indeed best suited for projects where a quality problem is identified between the current and desired performance, guiding teams through a process to reduce defects and improve quality.
Step-by-step explanation:
The statement 'The Six Σ (Sigma) approach works best for a project where a quality problem is identified between the current and desired performance' is True. The Six Sigma methodology is specifically designed to help businesses improve the quality of their processes by identifying and eliminating the causes of defects and variations in manufacturing and business processes. It uses a set of quality management tools, including statistical methods, and involves a team of people within the organization who are experts in these processes. A key aspect of Six Sigma is the DMAIC framework, which stands for Define, Measure, Analyze, Improve, and Control, guiding teams through the process of identifying problems, measuring performance, analyzing the root causes of issues, making improvements, and then controlling the future process performance to ensure that the improvements are sustained over time.
The concept is particularly useful for projects with identified quality problems where there is a clear gap between the current level of performance and the desired or target level of performance. By following the Six Sigma methodology, companies aim to reduce the number of defects to as low as 3.4 defects per million opportunities, essentially aiming for near perfection in performance.