Robot Advisors in Asia
The integration of cutting-edge technology with financial services has resulted in several innovative methods and tools which use sophisticated technology to serve potential clients better. One such innovation in financial services is the use of Robot Advisors or Automated Software also known as Bots to connect retail customers with the financial institutions. Worldwide, there has […]
How the Pandemic is a Nightmare for Small Businesses and Ways to Help Them
How the Economic Crisis Due to the Covid Pandemic Has Been Disastrous for the SMEs While the Covid 19 Pandemic has been hard on all, including businesses, individuals, and other entities, it has been nightmarish for Small and Medium Enterprises or SMEs. This is because the SMEs typically operate on a smaller scale when compared […]
How Much Should the Government Help Struggling Businesses in Times of Crises
What the Proponents of Governmental Bailouts Have to Say about Bailing Out Businesses The ongoing economic and financial crisis due to the Covid 19 outbreak has reopened the debate about how far and how much the government help businesses struggling due to the crisis. Indeed, this was the same debate that erupted during the Great […]
An Introduction to Process Documentation
Multinational companies are facing the problem of knowledge management. Industries like software and ITES hire extremely skilled employees to work for them. However, they face several problems. This is because the skill lies in the “employee’s minds” and not in the system. As a result, if the employee goes on long leave or quits the […]
What is Scatter Plot ?
A scatter plot is a graphical tool. It has been designed to ensure that it provides a convenient view of the process to the manager at a single glance. The scatter plot studies the correlation between the important variables. When it studies the correlation between two variables, it is called a bivariate scatter plot. When […]
Closing a Six Sigma project is an elaborate exercise. One of the biggest parts of this exercise is the explicit documentation of the project. However given its importance to the projects that maybe executed at a later date, its importance is unquestionable. Here is a checklist of the activities that need to be performed while formally closing a six sigma project.
The most obvious thing to do while closing a Six Sigma project is to ensure that the objectives that were the cause of the project in the first place have been adequately met. The fact that there are numerous stakeholders with varying objectives, ending the project requires getting sign-off documents from all these stakeholders.
For each sign-off, the objectives set up in the Project Charter are reviewed. The achievements of the project team are then viewed in the light of these objectives and a decision is reached upon whether the Six Sigma project has been a success. However, since the objectives have tangible numbers, there is very less scope for politicising and ambiguity.
Six Sigma projects are meant to build process capability. Hence, it is the job of the Six Sigma team to ensure that the results obtained are standardized. This entails ensuring that the results are not dependant on the skill, knowledge or expertise of any workers or managers involved and can work independently of it.
As we have discussed earlier, no process is error proof. No matter how well designed the process, there is always a probability that things can go wrong. It is the job of the Six Sigma team to list down such scenarios where things can actually go wrong and work towards preventing them from happening in real life.
The plans should be documented along with discussing it with the process owner. There must be experts appointed to solve every type of possible problem that the Six Sigma team can foresee.
Every Six Sigma project executed brings with itself a wealth of knowledge. This knowledge may pertain to application of Six Sigma methodology, team building or more knowledge about the process in question.
This knowledge needs to be explicitly documented and stored in the knowledge repository of the organization for re-use.
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Step 3B: Choosing the Correct Control Chart (Continuous Data)
February 12, 2025
