The Future of Energy
Abstract The three imperatives of sufficiency, safety, and sustainability of the global energy paradigm as it exists now along with the need to transition to a new energy paradigm are the two themes that are analyzed and evaluated in this report. The fact that the existing oil based paradigm has led to wars and conflicts […]
How Loose Monetary Policies by Central Banks Create Asset Bubbles and Lead to Inflation
Loose or Tight Monetary Policies ? The debate over whether central banks around the world must pursue loose monetary policies or tight monetary policies has become sharp in the aftermath of the global financial crisis. Loose monetary policy refers to the practice of central banks keeping interest rates low, stimulating the economy as banks would […]
Management Information System – Understanding Information Systems
Introduction In today’s information and communication age, there is a constant reference to information systems and management of information systems. In the digital age data, storage and retrieval are done through various systems and interfaces. Information System An information system, therefore, can be defined as set of coordinated network of components which act together towards […]
The End of the Indian IT Sector
The Indian IT sector has been facing a lot of flak. The industry is undergoing a transformation. Issues like the availability of H1B visas and adapting to changing technology are at the forefront. The stocks of Indian IT behemoths have taken a beating. Employees are being laid off indiscriminately. All this signals towards the fact […]
Six Sigma and Quality Management
Six Sigma is a business management strategy which aims at improving the quality of processes by minimizing and eventually removing the errors and variations. The concept of Six Sigma was introduced by Motorola in 1986, but was popularized by Jack Welch who incorporated the strategy in his business processes at General Electric. The concept of […]
As we have seen, Six Sigma is an elaborate methodology. It requires time to learn and even more time to successfully implement. However, as we have also seen that there is a golden pot at the end of the rainbow. Countless organizations have transformed their operations based on their Six Sigma capabilities. Nowadays, having processes that are Six Sigma efficient are a pre-requisite to survive the competition.
However, many feel that the formalities involved in closing a Six Sigma project are numerous and worthless. If you have a narrow horizon than this opinion may be correct. If you just consider one project at a time then the efforts may seem unnecessary and a waste of resources. However, in most organizations Six Sigma is a philosophy and a way of life and hence as we shall see the closing formalities do add value to the subsequent projects.
Here are a few good reasons why one should spend time on writing detailed documentation about the project:
Positive Lessons: Each project brings along with itself some new lessons. There are many positive lessons like the application of newer technology, discovering the drivers of a certain kind of process and so on. Documenting these positive lessons and preserving them in the knowledge library of the organization helps leverage them at a later date.
Negative Lessons: There are many issues and challenges faced during the project as well. Countless times projects get delayed because of unexpected hurdles. Over the period of time, by trial and error project teams realise that some things work and others don’t in certain situations. Such knowledge is experience based and cannot be found in text books or any other literature.
Six Sigma projects have multiple stakeholders. At the end of the project, it is essential that everyone feels that their needs have been successfully met by the project team. There should never be a scenario wherein one group feels that they have got the raw end of the deal. This is the reason closing Six Sigma projects requires discussions with a wide variety of stakeholders and ultimately a large number of signoffs are required.
Documenting both positive and negative lessons makes things a lot easier for the forthcoming generations of project teams. They do not have to reinvent the wheel. Rather when they face a similar problem, they can just look up the solution that your team may have spent time in discovering and start working from there.
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Step 3B: Choosing the Correct Control Chart (Continuous Data)
February 12, 2025
Step 3A: Choosing the Correct Control Chart (Discrete Data)
February 12, 2025
