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In today’s fast-paced business environment, businesses need a performance framework that can grow over time, be benchmarked against the competition, and stretch the imagination of employees and stakeholders. Capabilities and maturity models can better position your business for future competition and unforeseen threats and opportunities.
Six Sigma may have turned out to be one of the greatest success stories of our time, but even so, businesses need to address caution obviously because there can never be a system that’s completely failsafe or risk free.
Six Sigma has always been an initiative targeted toward improvement in quality and providing value to the customer. However, it has been observed by several companies including Motorola, and Honeywell, that Six Sigma helps reduce costs as well. The simple philosophy of reducing defects is a deciding factor in cutting costs.
It’s likely that you have heard quite a lot about Six Sigma and the benefits associated with it. But, do you really understand what it signifies and how exactly does it achieve all the prominent objectives such as cost reductions, process improvements and quality enhancements?
Over the years, there have been innumerable Six Sigma implementations worldwide - and what is noteworthy is that most of them have turned out to be successful. When we talk about Six Sigma implementations, it would be worth mentioning that more often than not it is Six Sigma professionals such as Black Belts and Master Black Belts who take all the credit for successful Six Sigma implementations.
Well, a simple “yes” or “no” will never be sufficient for answering this question, obviously because it all depends on the type of Six Sigma implementation and the skills and talents of Green Belts.
Six Sigma quality management systems can be described as a set of concepts, techniques and methodologies that are deployed by businesses to achieve important organizational objectives such as quality improvements and cost reductions. Such systems were designed and developed for the first time in the late eighties by the Motorola company.
Just a few decades back, businesses concentrated more on the profitability aspect when designing new products or services. However, with quite a lot of products and services failing to achieve desired results, businesses were forced to rethink their strategies - and most importantly, identify the main reasons responsible for such failures.
Project management is all about making things happen. It’s about bringing successful completion to a project accomplishing predetermined goals and objectives. The main challenge for a project manager is to achieve all these goals and objectives while adhering to other constraints such as time and budget.