Project Management tools act as an aid to an individual as well as a team for better project management irrespective of the project size.
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…)
Use the Define phase of DMAIC to see if the project is worth doing & if Six Sigma is a good fit for what is needed to be accomplished.
Measure is the second phase of DMAIC. The main activity in the Measure phase is to define the baseline. and determine the process capability.
Analyze is the third phase of DMAIC. The main activity in Analyze phase is to identify the potential root cause and arrive actual root cause.