Managing a project is something that requires good analytical to ensure that the project is headed to timely completion. For this to happen project managers have to acquire all the resources beforehand to ensure that the project is completed in time and also match the specifications mentioned by the client or customer.
Tip 1: Time Investment
Project managers have to complete all the groundwork before the project is initiated. They have to accumulate all the resources required for project completion. Managing a project is something that requires good
Tip 2: Team Selection
Project managers have to select right team members which will help them to completely focus on the project.
Tip 3: Focus On Work
It is important that the project managers do not encourage social media sites on the workplace as they tend to deviate team member’s attention from work.
Suggested read: Top 5 skills of a six sigma practitioner
Tip 4: Stakeholders Support
For this to happen project managers have to acquire all the resources beforehand to ensure that the project is completed in time and also match the specifications mentioned by the client or customer.
Tip 5: Avoid Multitasking
It is suggested that project managers work on a single project at one point of time which will help them to completely focus on the project.
Managing a project is something that requires good analytical to ensure that the project is headed to a timely completion.
Is Lean Six Sigma (LSS) still relevant in the current economic downturn?
Lean Six Sigma (LSS) is even more critical during an economic downturn to help organizations streamline processes and reduce waste to improve the business bottom line. With the reduction of top line (sales order, revenue), the best investment for organizations now is to look within their organizations to identify opportunities for business performance improvement and reduction of cost. With the savings resulting from LSS projects typically ranging from 20 to 50%, there are very few, if any, investment opportunities in the current market environment that can match this level of return on investment.
- What are some of the areas of consideration for LSS Sigma project implementation?
Some areas of consideration include:
- Identification and elimination/reduction of waste. Some of the typical 8 wastes are:
- Defects/ Errors
- Underutilizing of human capabilities & skills
- Improving the efficiency of targeted areas. The targeted areas may include:
- Set up time reduction
- Overall Equipment Effectiveness improvement
- Lead time reduction
- Improving customer satisfaction
- Improving financial, administrative and support functions. One example is the accounts receivable process, which is even more critical in the current economic downturn.
- Is LSS applicable to service industries?
It is applicable to both manufacturing and service industries, except that the approach, tools and techniques are different. Some of the service sectors which have embraced LSS include:
– Maintenance, repair, and overhaul operations
– Banks, insurance and other financial institutions
– Security services
– Healthcare institutions
– Public service
– Logistics industries
Also read: Lean six sigma project management
– Educational institutions
– Public transport
– Power generation
– Research & development
So one must learn all the Lean Six Sigma tools before being qualified to do LSS projects.