Six Sigma Project Team Members
February 12, 2025
Introduction Businesses require adequate capital to succeed in business environment. There are two types of capital required by business; fixed capital and working capital. Businesses require investment in asset, which has to be utilized over a longer period of times. These long-term investments are considered as fixed capital, e.g. plant, machinery, etc. Another type of […]
From Oxcart to Wal-Mart As more and more international retailers make a beeline for emerging markets like India, China, Nigeria, Mexico, and other markets, it is important for these retailers to embrace the chaos and duality that is inherent to these markets. For instance, in India, more than 95% of the retail market is dominated […]
Users interface directly impact usability of an ERP system. A properly designed user interface provides proper accessibility to the intended functions of the system and enables execution of transactions. Earlier users accessed the system with dumb terminals (ASCII) which had lot of usability deficiencies and this led to subsequent adoption of Graphical Users Interface (often […]
In recent months, there has been much coverage in the business press as well as the general press about Trade Wars between the United States and China as well as between the United States and the European Union and Canada and Mexico. The immediate trigger or the event for these trade wars has been the […]
To understand the meaning of “Total quality management”, let us first know what does Quality mean? Quality refers to a parameter which decides the superiority or inferiority of a product or service. Quality can be defined as an attribute which differentiates a product or service from its competitors. Quality plays an essential role in every […]
The Finance Certifier is the only member of the Six Sigma Project team apart from the Project Lead that is selected by the Project Champion. This is because, it is the Project Champions responsibility to ensure that the financials of the Project are absolutely unbiased. Of late, finance certifiers have come under a lot of fire. This is because there are criticisms that the supposed cost savings recorded by the project, never actually materialize and in many organizations Six Sigma has become a loss making affair.
From an organizational point of view, Finance Certifier is present to ensure that the resources of the organization which are sanctioned under the belief that they will help meet long term strategic goals are not wasted. The role of Finance Certifier has been elaborated as follows:
The Finance Certifier is involved with the project at the very beginning in the “Define” stage. This is where the budget for the Project is being created. The Finance certifier must collaborate with the Project Lead to create a budget for projects as well as justify them with a cost/benefit analysis. Although the job is to collaborate with the Project Lead, the Finance Certifier must be as critical of the report as possible.
The Finance Certifier is then required towards the end of the Project. Participation is required to validate the expenses done and benefits realised from the Project. Indeed, it is the Finance Certifier that declares the project a success or a failure.
Your email address will not be published. Required fields are marked *