Six Sigma Project Management

The Six Sigma Project Management is an endeavor to achieve better, faster and less expensive products and services than the competition, through the use of statistical tools within a structured methodology. The projects are selected based on key business issues and a repeated and disciplined master strategy is applied on them. This results in increased profit margin and impressive return on investment. The Six Sigma initiative has typically contributed an average of six figures per project to the bottom line.

The executioners of the Six Sigma Project Management are trained in the Six Sigma philosophy and methodology and are expected to accomplish at least four projects annually, which should deliver a minimum annual amount of $500,000 to the bottom line. Thus Six Sigma Project Management focuses on out-of-the-box thinking, channeling the company to change its culture through breakthrough improvement in order to achieve aggressively stretched goals.

Six Sigma Project Management was first taken up by Motorola in the early 1990s. Since then many companies have undertaken the initiative and have observed various benefits such as an increase in life of the equipment produced, productivity gains and thus an eventual increase in return on investment.

Ultimately it can be said that, if deployed properly, Six Sigma Project Management can infuse intellectual capital into a company and produce unprecedented knowledge gains that translate directly into bottom line results.

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