Conducting the Knowledge Transfer
February 12, 2025
One of the major financial functions is the management of fixed assets. Asset management module primarily maintains asset register, which provides information about asset related transactions. Asset Management thus helps in keeping track of fixed assets, handling fixed asset depreciation for fiscal reporting and revaluation of asset. Budgetary control (BC) module is another important finance […]
The recent Cambridge Analytica scandal has ended up putting companies like Facebook in hot water. The common man has now become aware of the fact that companies like Facebook have access to a lot of personal data. They have also become aware of the possibility that Facebook could use let third parties access some of […]
Introduction In the digital age, information technology plays an important role in the success of an organization. Technology provides edge in this globalized world. Companies are facing competition not only from local companies but from international companies as well. In such a scenario, it is important that company invest in technology which is aligned with […]
The Six Sigma philosophy believes in statistical facts. There is no room for error and therefore there is no room for guessing or judgement. Therefore the few inputs that were guessed for being the critical ones in the earlier stages of define and measure now need to be confirmed with statistical analysis. The purpose of […]
During the election campaign in 2016, Donald Trump repeatedly stated that he planned to run the government like a business. He would use this as a unique selling point. All the previous presidents, as well as all of his competitors, were professionals like lawyers, doctors and so on. Donald Trump argues that since he was […]
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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