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Historical Origins of the Present Global Economic Crisis
The Roots of the Present Economic Crisis The global economic crisis that started in 2008 has its origins in the events of the 1970s. That was the time when the United States reneged on its commitment to work under the Bretton Woods Agreement, which stipulated that countries must peg their currencies to gold and must […]
The Turkish Collapse and its Effect on Europe
The crash in the value of the Turkish lira is not really a surprise. President Erdogan has been following loose monetary policies despite receiving warnings from several monetary experts. In a way, this economic turmoil has been self-inflicted. Turkey has increased its money supply to about 300% in the past seven years! The rationale behind […]
Information System for Recruitment and Selection
Introduction Human resource is one of the pillars which defines a strong and successful organization. Workforce is the backbone of any organization and form integral part of its strategic plans and initiatives. Recruitment and Selection Recruitment and selection are two of the main function carried out by human-resource department. An organization undertakes recruitment under following […]
Information System for Decision Support
Introduction In the current globalized business environment, decision making is becoming more and more difficult. Some of the problems faced by business are as follows: There is large volume of internal organizational data on hand thanks to the modern data-storage system. However, not all data available would be useful for decision. The flow of information […]
A Project schedule is a document that contains vital information about the beginning and ending of the each of the five phases of the DMIAC Six Sigma methodology. The project schedule is an important document because it contains information about the project team, risks that have been identified and most importantly the approval status.
After each stage of the project that has been completed there is usually a meeting which focuses on the work done in that stage in the light of what was planned.
The project schedule contains information about the dates of these meetings and their agenda. Project schedules are often displayed graphically on the shop floors to remind the team members about the current status and what should have been achieved by then
Choosing an arbitrary project date can lead to the Project schedule not being followed and make the entire process meaningless. It is therefore important that the Project schedule be created by a senior person on the team like a Project Champion, a Project Lead or someone with a similar level of authority. Here is the information that they are usually required to consider:
Historical Six Sigma Information: In most cases, the project in question is usually not the first six sigma project being taken. Many similar projects have been undertaken in the past. The time taken while completion of these projects and the issues faced are usually documented. This information should be referred to before deciding the project schedule.
Constraints: A project team seldom has all the resources it needs. However many times resources are present with the parent organization and just need to be transferred to the project team. In such cases the time taken will generally be less. However in many cases, the organization has to acquire resources for the project team to execute. Not only are there usual bureaucratic hitches involved but also whether the organization is willing to spend the additional amount on the project. Time should be given for convincing the management.
Assumptions: Many times there are assumptions regarding the project requirements which may be unrealistic. For instance the project may require the services of a certain expert who obviously has other commitments to. Experts usually arrive at the project just at the time that they are required to. Expecting them to understand the project and start delivering immediately is incorrect. In many cases training is given to newer members to carry out six sigma project tasks. Expecting them to be well versed immediately after training without any hands-on experience is also an unrealistic expectation.
Risks: The risks assessment document provides a good estimate about the characteristic of setbacks that a project is likely to suffer. Hence this document must be carefully studied before arriving at a schedule.
The idea is to stretch the project team just beyond its capabilities. This will keep them on their toes. Giving them targets they can never meet is a demoralizer.
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