Conducting the Knowledge Transfer
February 12, 2025
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 […]
Contract farming has been hailed by many experts as the perfect economic arrangement between farmers and companies. Corporations like Monsanto, McDonalds, Starbucks and KFC have become champions in the use of contract farming. Companies claim that it is a beautiful arrangement that cuts out non value adding middlemen and therefore increases the prosperity of the […]
Urbanization and its Problems for Corporates The world is increasingly being urbanized and this has implications for the corporate sector and the managerial class. To start with, with more and more companies being located in urban areas, the corporate sector has to deal with the problems associated with urbanization like lack of access to basic […]
The US Fed and Tapering of Quantitative Easing (QE) The recent announcement that the United States Federal Reserve was thinking of tapering the Quantitative Easing program or QE immediately spooked the stock markets, which went into free fall. Mind you, this was not the actual tapering off the program but just a line of thought. […]
Why Project Managers Might Find Managing Remote Teams Challenging As workplaces became virtual and employees started working from home due to the Covid 19 Pandemic, organizations found that there are many challenges in managing such virtual workforces. For instance, Project Management is challenging when managers cannot meet employees face to face and instead, have 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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