Incorporate Lean Six Sigma in Automation Process
Lean Six Sigma can assist organizations determine which processes are the best candidates for automation as well as make those processes more automation ready.
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Abhishek Soni
Combine an Improvement Initiative with Change Management
The full value of any improvement initiative is realized only when it is complemented by a robust change management strategy to effectively manage the people side of the change throughout the course of improvement cycle. What Is Change Management? Change management is a systematic approach to transitioning individuals, teams and organizations to a desired future…
Customizing Process Improvement for Financial Services
Post the subprime mortgage crisis, the growth of the financial services market has become stagnant; companies are reeling under immense pressures to sustain their profit margins. It has become imperative for the financial services sector to reduce operational costs by improving operational efficiencies and effectiveness. Financial services businesses can improve by elevating their quality of…
Leverage Six Sigma to Manage Operational Risk in Financial Services
The recent spate of events such as rogue trading losses, flash trades and a seeming outbreak of Ponzi schemes has made many in financial services wary about their existing risk management practices. In post-financial crisis times, financial services companies are already under pressure to cut their operational costs while also being expected to comply with…
Manage Project Performance with EVM and Control Charts
This article introduces the concept of earned value management (EVM) indexes, a project assessment technique, and control charts, a statistical tool for monitoring variation in a process, and describes how both may be used in tangent to capture more insight from project performance. What to Know About EVM Indexes EVM is a project management technique…