IMPLEMENTING LEAN SIX SIGMA IN PROJECT MANAGEMENT
Collect NFTs
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Collect NFTs
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Sell Your NFTs
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LEAN SIX SIGMA AND PROJECT MANAGEMENT ARE TWO OF THE MOST PROVEN AND GOLD STANDARD DISCIPLINES FOR MAXIMIZING BUSINESS PROCESS AND PROJECT PERFORMANCE RESPECTIVELY. IN THIS PAPER, WE EXPLORE HOW YOU CAN LEVERAGE LEAN SIX SIGMA TO ENHANCE PROJECT PERFORMANCE.
What is Lean Six Sigma?
Lean Six Sigma combines Lean and Six Sigma methodology. Lean comprises of a set of tools to minimize any non-value-adding activities termed as waste in the workflow. Lean also seeks to standardize workflow.
Six Sigma is a data-driven approach to reducing process variations or defects and improve efficiency to augment business performance and subsequently increased profitability. Six Sigma consists of a few different methodologies, the most popular of which are DMAIC and DMADV. DMAIC stands for Define, Measure, Analyze, Improve, and Control which are sequential steps.
DMAIC
DMAIC is typically used to improve existing processes.
DMADV
DMADV is leveraged to design a new process or product, or to re-engineer an existing processor product.