Combining Six Sigma techniques with the project management practices is the way to go for companies which focus on continuous improvement. A lot of organisations employ Total Quality Management, Six Sigma in addition to Total Quality Control in order to:
- Assist with new product development,
- Lower the cost of development,
- Enhance manufacturing efficiency, or
- Enter new markets.
Many organisations include the Six Sigma method in project management tools as well as processes so as to gain the maximum advantage.
What is Six Sigma?
The term ‘Six Sigma’ refers to a business methodology which aims to develop processes, lessen waste in addition to errors as well as improve customer satisfaction through all touchpoints that an organisation has with its customers. Driven by data in addition to statistical analysis, Six Sigma offers a method of minimising mistakes as well as maximising value in any business process that your organisation may be involved in, from manufacturing to management.
Six Sigma is a practice which is used in order to find as well as address the weak points in a process. These weak points hinder efficiency or result in more errors than is perfect. Six Sigma particularly refers to the goal of lowering the number of defects experienced in manufacturing to below 3.4 per 1 million units.
Over the past number of years, however, Six Sigma’s worth has expanded far beyond the world of manufacturing. This methodology has helped a diverse assortment of multinational companies such as Amazon, Xerox, and Bank of America to save money by improving efficiency.
Through the process of visualising how your product or service goes from its original conception into the hands of your customers, you can begin to identify ways to increase efficiency as well as quality, which is what the Six Sigma methodology is all about