Technical Foundations of ERP Architectures
Information technology is changing at a fast pace. Underlying ERP technology is needed to keep pace with first changing IT scenario and should also be flexible to adopt ever changing business scenario. ERP technical architecture basically defines layout of layers of application deployment between servers and desktops, interfaces and software objects. ERP architecture is no […]
E Commerce – Changing Business Trends
Business Managers of today are living in challenging times. Business targets had never been stiffer, work pressure and managing the complexities of competition is keeping them on their toes all the time. Today, success or failure of a business and the Organisation is dependent wholly upon the Organisation’s ability to be flexible and to respond […]
Importance of Measurement Systems Analysis
Measurement Systems analysis is an integral part of the Six Sigma project. No matter what project is being conducted under the Six Sigma methodology, this part of the process can never be omitted out and the successful results still be obtained. Below is an explanation about what makes Measurement Systems Analysis such an integral part […]
Why is Sweden Facing a Currency Crisis?
Sweden is not really a country that comes to find when one talks about finance or currency trading. The Swedish Krona is a relatively small and insignificant player in the global market. Trading in Swedish Krona accounts for less than 2% of the global currency trades. However, the Krona is what many call a counter […]
Impact of Political Stability on Businesses and Working Professionals
The Perils of Political Instability and Uncertainty If there is one thing that business leaders and entrepreneurs hate that is instability in the macro environment. Businesses operate according to forecasts and scenarios about the future that comprise surprises as well as certainties. However, as much as businesses factor in uncertainty, the one thing that wants […]
As we have seen, Six Sigma is an elaborate methodology. It requires time to learn and even more time to successfully implement. However, as we have also seen that there is a golden pot at the end of the rainbow. Countless organizations have transformed their operations based on their Six Sigma capabilities. Nowadays, having processes that are Six Sigma efficient are a pre-requisite to survive the competition.
However, many feel that the formalities involved in closing a Six Sigma project are numerous and worthless. If you have a narrow horizon than this opinion may be correct. If you just consider one project at a time then the efforts may seem unnecessary and a waste of resources. However, in most organizations Six Sigma is a philosophy and a way of life and hence as we shall see the closing formalities do add value to the subsequent projects.
Here are a few good reasons why one should spend time on writing detailed documentation about the project:
Positive Lessons: Each project brings along with itself some new lessons. There are many positive lessons like the application of newer technology, discovering the drivers of a certain kind of process and so on. Documenting these positive lessons and preserving them in the knowledge library of the organization helps leverage them at a later date.
Negative Lessons: There are many issues and challenges faced during the project as well. Countless times projects get delayed because of unexpected hurdles. Over the period of time, by trial and error project teams realise that some things work and others don’t in certain situations. Such knowledge is experience based and cannot be found in text books or any other literature.
Six Sigma projects have multiple stakeholders. At the end of the project, it is essential that everyone feels that their needs have been successfully met by the project team. There should never be a scenario wherein one group feels that they have got the raw end of the deal. This is the reason closing Six Sigma projects requires discussions with a wide variety of stakeholders and ultimately a large number of signoffs are required.
Documenting both positive and negative lessons makes things a lot easier for the forthcoming generations of project teams. They do not have to reinvent the wheel. Rather when they face a similar problem, they can just look up the solution that your team may have spent time in discovering and start working from there.
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What the Current Wave of Protectionism and Populism mean for the Future of Globalization and Free Trade
February 12, 2025
