Nu Learn Blog - Benefits Of Six Sigma For Operations Management Professionals
Benefits Of Six Sigma For Operations Management Professionals: Six Sigma is one of the most popular operations management tool, which helps managers or team leads to improvise the efficiency of their operational procedures. Six Sigma underlines on conceptualizing the active participation of all employees within the company, a characterized procedure where each project is optimized, it strives in creating processes that strive on on-going development and improvement within the organization.
As compared to organizations that aren’t six sigma certified, the ones that are finding it comparatively easy to prioritize work in quality to ensure profitability, it ensures that all decisions are data-driven; it offers formalized training to their managers/leaders to gain proficiency in their field of expertise and construct benchmark for today’s competitive business environment.
Six Sigma is a methodology that allows large-scale organizations to utilize data to eliminate defects/gaps in any process to avoid failures. Implementing Six Sigma within an organization offers a number of benefits:
- - Customer Satisfaction: Six Sigma reduces the risk of your company having dissatisfied customers. Many of the recent surveys have suggested that the major reasons given by customers for not returning to a business are due to dissatisfactory experience. By implementing six sigma, one can reduce this risk of having dissatisfied customers, rather the organization can experience improved customer loyalty.
- - Employing a Six Sigma methodology at your workplace can help with efficient time management, leading to more productivity & effective usage of resources.
- - Six Sigma plays a vital role in forming strategic plans. Six Sigma helps you focus on the areas for improvement by eliminating unnecessary complexity.
- - It guarantees proper usage of resources, with a fine blend of manpower and technology.
How it is useful for organizational growth?
Six sigma helps in reducing risk by eliminating errors from projects. It assists in understanding the state of the art industry trends and practices, which help in maintaining the quality of the services and products. The methodology helps in learning Multivariate tools like waste reduction, stream mapping, etc. for professionals to make their work more efficient and error-free.
Six sigma helps in reducing risk by eliminating errors from projects. It assists in understanding the state of the art industry trends and practices, which help in maintaining the quality of the services and products. The methodology helps in learning Multivariate tools like waste reduction, stream mapping, etc. for professionals to make their work more efficient and error-free.
Blog-Nulearn 10 Reasons Why Your Project Needs A Certified Project Manager
10 Reasons Why Your Project Needs A Certified Project Manager
During my ~10 years of experience into Project Management, with multiple big tier companies, I have witnessed multiple projects being kicked off without a Project Manager (based on it's complexity / severity); some of them presenting it as "Delivery Led Transitions". Whilst some of them have been successful, majority of these projects have either crossed their deadlines or had several other impacts like budget spillovers, Client feedback.
A project is an undertaking to create a product or provide a service. Generally, projects don’t need a complex methodology when it comes to managing a project, but they benefit from a designated project manager. A project manager increases the likelihood of a project being successful and profitable.
Hence I wanted to emphasize on the reasons why a Project needs a Project Manager..
1. Single Point of Contact / Source of Information
A project manager is the central figure of a project, disseminating project information and updates to the Project Team, Business Leaders and Clients, which decreases confusion and increases accuracy.
2. Increase Efficiency
The project manager works with team members to confirm which activities must occur in the project and in what order so projects are completed faster and more efficiently. Every project is made up of interconnected activities, each of which has its own set of checks and balances.
3. Control Scope
Project scope details the work and activities required to deliver the completed product or service. A phenomenon that often occurs is “scope creep,” which refers to continuous changes to the initial project. To contain creep, a project manager puts markers in place before anyone can add or take away from the scope.
4. Manage Financials
Delivering on time and on budget are one of the constraints in any project. A project manager controls not only monetary costs but also the people resources, both internal and external, and equipment costs as well.
5. Manage Time
Time is arguably the most important constraint of any project. Because project team members still have day-to-day responsibilities, managing their time can be a challenge. A project manager manages deadlines by setting a schedule at the inception of the project.
6. Schedule Management
The project manager plays an important role in ensuring all the team members work on their assigned activities in the appropriate order. The project manager helps members calculate the time a task takes and solves any problems so they can successfully meet their deadlines.
7. Identifying & Mitigating Project Risks
No matter how well planned, a chance for potential risks in a project exists. A project manager anticipates and identifies risks and creates a risk response process to track their status. It’s important to make risk prevention part of the initial planning phase. If the project manager can’t prevent the problems, managing them is the next best solution.
8. Administer Procurement (Doesn't apply to all Org.)
If your project requires purchases from outside vendors, the project manager manages the contracts and terms and tracks invoices to ensure suppliers and the project customer live up to the terms of the contract.
Note: Some Org. has a dedicated Procurement team which manages end to end procurement. In this case, a PM needs to ensure that every activity is on-track as per the timelines. (For e.g.: Raise a PR (purchase requests), PO (purchase order) creation, Sign-offs / approvals, Negotiations, etc.).
9. Communicate With Stakeholders
As project progresses, it is important to make stakeholders aware of any risks and successes along the way. The project manager communicates the goals and performance to business leaders in a regularly scheduled report.
10. Close the Project
After the project meets the goals and expectations of the project customer, the project manager documents and reviews the project phases with the team members and leadership to analyze patterns, trends and opportunities for improvement for the next project.
Written & Edited by:- Raju Radhakrishnan
Programme Manager - UK at Tech Mahindra Business Services
SPJIMR Alumnus
During my ~10 years of experience into Project Management, with multiple big tier companies, I have witnessed multiple projects being kicked off without a Project Manager (based on it's complexity / severity); some of them presenting it as "Delivery Led Transitions". Whilst some of them have been successful, majority of these projects have either crossed their deadlines or had several other impacts like budget spillovers, Client feedback.
A project is an undertaking to create a product or provide a service. Generally, projects don’t need a complex methodology when it comes to managing a project, but they benefit from a designated project manager. A project manager increases the likelihood of a project being successful and profitable.
Hence I wanted to emphasize on the reasons why a Project needs a Project Manager..
1. Single Point of Contact / Source of Information
A project manager is the central figure of a project, disseminating project information and updates to the Project Team, Business Leaders and Clients, which decreases confusion and increases accuracy.
2. Increase Efficiency
The project manager works with team members to confirm which activities must occur in the project and in what order so projects are completed faster and more efficiently. Every project is made up of interconnected activities, each of which has its own set of checks and balances.
3. Control Scope
Project scope details the work and activities required to deliver the completed product or service. A phenomenon that often occurs is “scope creep,” which refers to continuous changes to the initial project. To contain creep, a project manager puts markers in place before anyone can add or take away from the scope.
4. Manage Financials
Delivering on time and on budget are one of the constraints in any project. A project manager controls not only monetary costs but also the people resources, both internal and external, and equipment costs as well.
5. Manage Time
Time is arguably the most important constraint of any project. Because project team members still have day-to-day responsibilities, managing their time can be a challenge. A project manager manages deadlines by setting a schedule at the inception of the project.
6. Schedule Management
The project manager plays an important role in ensuring all the team members work on their assigned activities in the appropriate order. The project manager helps members calculate the time a task takes and solves any problems so they can successfully meet their deadlines.
7. Identifying & Mitigating Project Risks
No matter how well planned, a chance for potential risks in a project exists. A project manager anticipates and identifies risks and creates a risk response process to track their status. It’s important to make risk prevention part of the initial planning phase. If the project manager can’t prevent the problems, managing them is the next best solution.
8. Administer Procurement (Doesn't apply to all Org.)
If your project requires purchases from outside vendors, the project manager manages the contracts and terms and tracks invoices to ensure suppliers and the project customer live up to the terms of the contract.
Note: Some Org. has a dedicated Procurement team which manages end to end procurement. In this case, a PM needs to ensure that every activity is on-track as per the timelines. (For e.g.: Raise a PR (purchase requests), PO (purchase order) creation, Sign-offs / approvals, Negotiations, etc.).
9. Communicate With Stakeholders
As project progresses, it is important to make stakeholders aware of any risks and successes along the way. The project manager communicates the goals and performance to business leaders in a regularly scheduled report.
10. Close the Project
After the project meets the goals and expectations of the project customer, the project manager documents and reviews the project phases with the team members and leadership to analyze patterns, trends and opportunities for improvement for the next project.
Written & Edited by:- Raju Radhakrishnan
Programme Manager - UK at Tech Mahindra Business Services
SPJIMR Alumnus
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