The Free Healthcare Debate
Healthcare has become outrageously expensive in most developed nations of the world. For instance, American citizens who do not have health insurance are relatively sure that they will not be able to meet their own healthcare costs. The same is the situation in many countries around the world. This has created a debate wherein healthcare […]
The Bangladesh Growth Story
Historically, Bangladesh has been one of the most impoverished regions in Asia. The 1971 war of independence left Bangladesh with a huge financial deficit. The end result was that the country was facing extreme poverty and famine for many years after their independence. Even before the independence, West Pakistani politicians would often call Bangladesh (then […]
Finland’s Failed Universal Basic Income Experiment
The Scandinavian countries are often seen as role models for welfare states. These countries are known for having very high taxation rates. However, many experts claim that these countries also have mechanisms to ensure that the money collected as taxes is plowed back to the people. Lately, Finland has been in the news for experimenting […]
Digital Payments: What they are, How they Work, and their Benefits and Problems
In recent months, all of us have heard extensively about the “war on cash”, the move to make India and other countries “cashless economies” and the general trend among policymakers worldwide to move the economies of the world to a digital and information enabled paradigm. In this context, it is worth noting that the emphasis […]
Documentation in Customs Clearance
Any Importer wishing to bring in cargo into the country may do so through air, ship, and road or multi modal transport. Every import consignment is required to be deposited by the transportation agency or the freight forwarder into the Customs Designated Bonded warehouse for Customs Clearance. Customs Clearance is facilitated by Customs Clearance Agent […]
The project begins when the top management assigns responsibility to the Project Champion. The Project Champion usually delegates the task of preparing the Project Charter to another team member. It is important for both the Project Champion as well as the team member to understand what information is required. Here are tips on how to collect and review primary information from the management.
Six Sigma projects do not suddenly appear. They are the result of conscious planning by the top management when they map the capabilities of an organization to the deliverables they foresee and find gaps. Alternatively Six Sigma projects are suggested by employees who are in the best position to suggest improvements. In either case it is a business problem which is driving the Six Sigma project. Hence information regarding the problem that is being solved is required.
Before beginning work on the project, there is a bare minimum amount of information which is required. This information pertains to the objectives of the project which are nothing but extensions of the business problem identified earlier. Also the time frame which is expected out of the six sigma team must be made clear.
Most of the times management does not give the Project Champion precise Six Sigma Project Statements. The information provided is vague and too broad to be specifically meaningful. For instance it could mean “preventing bad debts on accounts receivables”.
Obviously such a statement is a symptom and not the real cause. There is a considerable amount of digging down that needs to be done with this information provided by the management. It is for this reason that the Project Champion must:
The project team undertakes the project in the light of the data it has received. It is therefore essential that there be no ambiguity when it comes to storing this information. At a later stage of the project, this lack of data can be detrimental. It can cause the team to work either with the absence of critical data or engage in expensive time wasting data collection.
It is also possible that a misinterpretation may lead the team to start working on a completely wrong track. Therefore the activities pertaining to this stage should be conducted very carefully.
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