Conducting the Knowledge Transfer
February 12, 2025
Elections to the central government are due in India in 2019. This is the reason why all political parties have suddenly become very concerned about the economic welfare of the poor people in the country. This is the reason why different political parties are proposing different measures in order to tackle this poverty. One of […]
Any inventory of raw materials or finished goods runs into thousands of SKU items. Especially in case of Raw Material Inventory as well as Spare Parts Inventory these numbers could be much higher when compared to Finished Goods. Even in Finished Goods some products like clothes, grocery etc could run into thousands of SKUs across […]
Ever since the onset of the global economic crisis, there has been much talk about how globalization has reached its nadir and that the concept of an integrated global economy leading to prosperity has been discredited. The reason for this cynicism was that many commentators blamed globalization for causing the global economic crisis and plunging […]
Foreign Investment is more stable than fund inflows In recent years, “hot money” or speculative capital has flown into many developing countries leading to their stock markets becoming overvalued. Foreign direct investment on the other had is more stable because the foreign businesses setup physical infrastructure as well as due to the fact that many […]
Disaster Recovery and Business Continuity have become an integral part of the ongoing business process with most of the Organizations that consider it important to do risk assessment and risk mitigation to safeguard their business from all sorts of threats and crises. DR & BC plans can be drawn up in detail and elaborately to […]
After the control charts have been created and deployed, the control phase of the DMAIC methodology comes to a close as far as the project is concerned. The solution that the team had set out to reach has now been reached. It is therefore time to transition the process from being a project to being the part of the regular operations of the business. This is done via the Six Sigma Transition Methodology, the details of which are mentioned as follows:
A project handoff signifies the return to business as usual. It is critical from the point of view of the organization. This is because after the implementation of this plan, the responsibility of the project is transferred to the process owner from the Six Sigma Team. This is vital because in the initial stages of a transition, there are likely to be issues emerging. It is for this reason that there must be crystal clear accountability. This transition plan marks the shift in accountability.
Here are a few steps that every Six Sigma project team must follow to ensure that the process has been successfully transferred i.e. business as usual is running smoothly and without any operational hiccups.
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