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Calculation of project benefits

Six Sigma – iSixSigma Forums Old Forums General Calculation of project benefits

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  • #31784

    Francisco Bertran
    Participant

    In many instances the calculation of Lean and/or Six Sigma project benefits is dificult as is not easy to relate these benefits to bottom line economic values (e.g. in a Research or Development environment). Is there any literature available or tool/technique that can be applied to consistenly calculate Lean and/or Six Sigma project benefits (hard or soft benefits).
    Many Thanks for your help. Francisco

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    #84353

    Patrick
    Participant

    Tie a business case into the results of your project.  A good business case will address financial as well as non financial impacts over time.
    For nnon financial impact just make sure that the benefit is linked to the clients objective and that the impact is measurable.
     

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    #84578

    Francisco Bertran
    Participant

    Patrick, Many thanks for your reply to my message. Regards/Francisco

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