Kingpin,
Selecting SS BB project varies differently on every firm. Your company should have its own criteria to follow developed by your Quality Department or plant MBB. Criterias should be agreed upon by your top management inline to your business strategy and KPI’s.
Anyway, here are some of the list you could consider;
Results or Business Benefits Criteria
¡¤ Impact on external customers and stakeholders
¡¤ Impact on business strategy, competitive position
¡¤ Financial impact (USD)
Low impact : < 100K
Middle impact: 100K to 300K
High impact: >300K
¡¤ Urgency
¡¤ Trend (Is it getting bigger or small? What will happen if we do nothing?)
¡¤ Sequence or dependency (Are other projects dependent on this issue? Does it depend on other problems being addressed first?)
2.0 Feasibility Criteria
¡¤ Resources needed (people, time, money)
¡¤ Expertise available (Do we have the needed knowledge or technical skills?)
¡¤ Complexity
¡¤ Likelihood of success ( Based on what is known, how long it needs to success?)
¡¤ Effort needed (Low, Middle, High)
3.0 Organizational Impact Criteria
¡¤ Learning benefits (What new knowledge might we gain from this project?)
Cross-functional benefits (To what extent will this project help to break down barriers between groups in the organization and create better ¡°whole process¡± management?)
Zero_Cool
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