Benefits of a Six Sigma Project in the Workplace
Six Sigma has so many benefits within the workplace, businesses have now begun to cash into this management methodology. In order for this process to work successfully in any business framework, it is important for the company and team to choose the best Six Sigma project. Most projects or tasks are easily identified by their purpose. Each task has its own impact and strategic direction in order to bring about the most profit.
A Six Sigma Project is chosen by being able to accurately analyze the business and its faults and also weigh both its pros and cons. This helps to ensure that all constraints are taken into consideration. Selecting a task relies on several processes and checkpoints. Not all tasks will save the same amount of money. Any project chosen should be the best at producing a long term benefit to the company. It should also have the ability to improve upon the business in an ongoing manner. In other words, the project that is projected to save the most money (through different Tools and Methods) should be tacked first.
It is important to be careful before choosing a team. All tasks will be undertaken by a team of well trained and certified Six Sigma individuals. The development of this team is a very important step. The best way to choose a team is to ensure that each individual is strong which makes the entire team competent at completing the task. It is also important to choose whether to use certified employees or an outside resource. When choosing a team both affordability and long term benefits should be the key factors.
Projects have a higher likelihood of being successful when they are sub-divided into smaller tasks. Smaller tasks are easier to handle and will allow for a more operational, tactical and strategic hold on the outcome. Monitoring the progress of all tasks is the best way to ensure that employees do not deviate or make errors during the process.
Six Sigma projects are very effective at pinpointing errors within a company and suggesting workable solutions that will save money and time in the long run. This process improvement strategy is beneficial to many different types of businesses and industries both financially and operationally.
Financial benefits include a reduction in general costs as well as a decrease in service and production costs. The business is able to turn a profit as a result of the increase in the productivity of existing services and products. Cash flow is also increased because of new revenue. Either additional revenue is produced or current revenue is increased. The company understands and practices risk management and also makes a faster return on investments when they implement Six Sigma.
Operational benefits include a reduction in employee workload. Both employee and customer satisfaction is increased. Activities and services which are non-value-added are eliminated. Communication with team members and the organization on a whole is improved.
Projects are able to not only benefit the company and its profits, but also the employees within it. With the use of the Six Sigma methodology and trained and certified individuals, projects are able to work effectively at improving business functions and ultimately bring about a positive change.
Comments are closed.