Linearity and Resolution
Apart from accuracy and precision, there are more factors that determine the soundness of a measurement system. Two of these important factors are as follows: Resolution: Resolution is the ability to see fine details in a system. This ability also gives the system, the ability to distinguish different readings from one another. A good example […]
Supply Chain Management – Definition and importance of its strategies
Definition of Supply Chain Management If you go to a Supermarket and pick up a few items off the shelf from electronics and white goods or even clothes and look at the labels, the chances are that you will find them having been manufactured in China or Mexico. The coffee pods you buy to use […]
Global Economy – Meaning and its Salient Aspects
The other modules discuss the phenomenon of globalization and the ongoing global economic crisis among other topics. This module is intended to discuss the salient aspects of the global economy including the structural features and the way in which several competing trends and factors influence the workings of the global economy. For instance, the global […]
Inventory Classification – ABC Classification, Advantages & Disadvantages
Inventory is a necessary evil in any organization engaged in production, sale or trading of products. Inventory is held in various forms including Raw Materials, Semi Finished Goods, Finished Goods and Spares. Every unit of inventory has an economic value and is considered an asset of the organization irrespective of where the inventory is located […]
What’s Behind the Big Tech Meltdown? Is It a Temporary Blip or a Longer Term Reckoning?
Anything That Goes Up Has To Come Down! The Big Tech Meltdown and Its Causes and Consequences Once considered the “darling” of stock markets and the world in general, it does look like the “party’s over” for Big Tech firms! From Tesla to Twitter, and from Meta to Microsoft, with Amazon and Google following suit, […]
Immediately after receiving the initial information about the Six Sigma Project, scoping begins. Scoping is usually the first task done while executing any project. Here is what exactly Project Scoping is and how to use it.
A Project scope defines exactly what is in the process. Processes are usually continuous i.e. where one process ends the other one starts immediately. Hence in the absence of scoping, work will not be focussed. Consider the accounting cycle for instance. It starts when raw materials are purchased and ends when cash is received for the goods sold. It begins with cash and ends with cash. In between there are many steps like converting raw materials to Work in Progress, Converting Work In Progress to Finished Goods, Transferring Finished Goods To Inventory, Selling The Inventory On Credit etc.
In the absence of scope it is likely that the project will not be able to focus. Hence while implementing a six sigma project one must know that they are trying to improve the process which starts when Work In Progress is turned into finished goods and ends when the sale is completed.
The most important information that a project scope document conveys is the boundaries of a process. The scope document must define with zero ambiguity what is the start point and the end point of the process.
Project Scoping is usually done with high level processes. This means that many activities in the process may have their own sub processes involved. In such cases the project scoping document must explicitly state what nested processes are a part of the scope of the project.
The Project scope is of vital importance to the execution of the project. This is because it becomes the basis for the requirements of the project and the resources that need to be deployed in the project. Some of the important information contained in the Project Scope is as follows:
Once the project scope document is completed it must be sent for immediate review. The points that must be considered in the review process are as follows. The project scope is checked for:
In case the project scope does not meet any of these requirements, it is a red flag. A well-defined project scope is essential. If the project scope is too broad, Pareto analysis is used to identify the key issues and narrow the project scope and make it manageable.
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