We want to quantify financial benefits derived from LSS projects. One of the topics we currently struggle is where we have improved the quality for example of a report. A report is improved to provide accurate data, how can it be measured in terms of financials ? In this scenario there is no effort / time saved as well as its all automated, just…[Read more]
Thank you Strayer.
I did consider the financial benefit of the project and compare it to the cost. But COPQ is not just about reporting. We would have to reduce COPQs. How do we identify what causes the additional costs (in our case it’s usually the delay in delivering the project) ? We do not have any data available for the existing project.…[Read more]
If an activity is being done the first time (example new analysis of data) it takes longer to complete as there is no established process and the process is being discovered . For example in a new analysis from where to get data, what data is available. While doing so, new things, issues , solutions, right way to represent data is discovered.The…[Read more]
We are a team of black belts and data analysts and are rolling out COPQ in my organisation. While I agree that it is easier to calculate COPQ for processes that are repetitive in nature, it’s equally hard for process that are not transactional. Like Projects team or Six sigma teams.
1. Can COPQ be implemented for teams that are not…[Read more]