I. Introduction: The Power of Cost-Benefit Analysis in Six Sigma When organizations initiate Six Sigma projects, they often face uncertainty in selecting the most effective projects to enhance processes and achieve financial benefits. To make smarter, data-driven decisions, organizations conduct a cost-benefit analysis before implementing improvement actions. This approach helps prioritize projects that offer the (more…)
In professional terms, Hoshin Kanri is a method that helps build strategic planning to setup and achieve goals with minimum or no waste to resources due to lack of communication between the management and the operations staff.
An interrelationship digraph helps you see relations and influences between several concepts – even if those concepts are very different.
Many different types of teams are used to attack different Six Sigma projects. Closely follow several of the examples in this article.
When you put together a Six Sigma team, you want to merge individuals into a cohesive team that will work together.