Types of Analysis in Analyze Phase
The analyze phase is one of the most dreaded phases in the Six Sigma methodology. There are common assumptions made that this phase involves a lot of high level statistical analysis. No wonder that most trainings are scheduled before analyze phase. The Six Sigma team members want to refresh their concepts before they actually get […]
The Trade Deal between America and Mexico
American President Donald Trump had been holding his guns against the Mexican government for a very long time. In fact ever since Trump was a Presidential candidate, he has accused Mexico of being a parasite and has threatened aggressive measures against the southern neighbours. These threats issued by America were met with an equally rude […]
The Rise of Machine Learning
Machine learning seems like an “IT” buzzword. It seems to be the sort of thing that would make a difference to high tech companies and not businesses that we interact with every day. However, that is not the case. Machine learning is expected to have a significant impact on all sectors and finance is not […]
Decision Support Systems Introduction, Categorization and Development
When it comes to good decision making, relying too heavily on automatic decisions stemming from perception or depending too much on conventions when information is bombarded on to us from all sides can be dangerous. Sometimes, you fail to either notice or seek out crucial information that supports decision making. This may be because of […]
Step 3B: Choosing the Correct Control Chart (Continuous Data)
Just like there are many types of discrete data charts available, there are also many types of continuous control charts available. The Six Sigma process methodology prescribes which chart must be used when. The prescription in the case of continuous data points is largely based on sample size. Below is the list of the different […]
A Project charter is a 5 to 6 page document which collects all the information that has been developed in the previous steps and puts it in a central location.
The Project charter serves as the constitution which governs the working of the project and disputes if any that may arise during the execution of the project.
The project charter is the final deliverable document that is required at the end of the first step of the Define Phase.
This document serves as a proof of the activities that have been performed up to this stage and the agreement that has been reached amongst the members of the team, the stakeholders as well as the management.
This charter is constantly used to see whether the project is doing what it was expected to do, within the time frame it was expected to do, so on and so forth. At the end of the project the actual benefits are compared with the forecasted benefits to declare the project a success or a failure. The Project Charter plays a vital role in the control of the project.
A Project charter usually has 5 - 6 elements. They can be more or less depending upon the nature of the project and its requirements. However the usual elements of most Six Sigma project charters are as follows:
The Project Charter must be stored in a shared location and must be accessible to all at any time. This is because this document and its interpretation is critical to ensuring that the project progresses in the right direction.
However, the Project Charter is like the Bible of the Project. Modifications must not be allowed under normal circumstances. However. If material information needs to be included or corrected in the project charter, then it must be done after due diligence and everyone must be informed about the change. This will ensure that all the people working on the project have the exact same information all the time.
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