MONDAY, OCTOBER 22, 2018
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Risk Management

Achieving Yokoten in the Process of Risk Management

Risk management is a systematic process to handle risks in every aspect of a project. Yet despite the need to manage risks with care, Six Sigma teams and others involved in projects can get ahead of the curve on addressing risks via yokoten.

Assess Opportunities and Risks to Maximize Projects

Black Belts must be aware of the ramifications of the changes that may be involved in a project. One tool to help focus on the risks and benefits associated with a process change is the ICOR (improvements, challenges, opportunities, risks) analysis.

DMAIC Phases Mesh with Project Risk Management

Efficiency in projects comes from effective risk management. Using an example from a telecom supplier, it is possible to see how Six Sigma's DMAIC methodology can be applied in tandem with the six steps of project risk management.

Six Sigma and Enterprise Risk Management

There is a synergistic relationship between enterprise risk management and Six Sigma. The continuous improvement methodology assists leadership in managing both the operations of the organization and the inherent risk associated with it.

Six Sigma Tools and the Eight Keys to Risk Management

Enterprise risk management, a framework for managing risk, improves an organization’s ability to accept the right amount of risk to capture strategic opportunities. Each of the eight components of ERM can be supported by the tools of Six Sigma.

Use Forecasting Basics to Predict Future Conditions

Forecasting is a business and communicative process and not merely a statistical tool. Basic forecasting methods serve to predict future events and conditions and should be key decision-making elements for management in service organizations.

Using Fault Tree Analysis to Improve Software Testing

Using fault tree analysis (FTA) is one good way to improve the effectiveness of software testing. It can help identify the potential causes of a problem, suggest suitable corrective action and offer insight into preparing test case scenarios.



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