Posts in category Six Sigma

One of the main goals of Lean Six Sigma – a combination of Lean and Six Sigma methodology – is to eliminate waste from processes, as well as make them …

Once a company puts Lean Six Sigma strategies and tools to work, they can generate a wealth of data and other information. Project teams conducting deep dives into particular business …

A beta risk describes the risk that a project team is making when they conclude that something is not significant, when in fact, it really is significant.

Use: Understanding the concept of the alpha risk is important when making decisions based upon the results of statistical tests. There is always a risk that a statistical finding leading to a decision is found to be significant even though in reality it is not significant.

Many small businesses can benefit by putting the principles of Lean Six Sigma into action, particularly those who want to focus on process improvement. By using the right tools and …

Through its Continuing and Professional Education (CAPE) division, Southern Methodist University (SMU) offers professionals the opportunity to develop expertise in the use of Lean Six Sigma strategies and techniques that …

The concept of Form, Storm, Norm, Perform (FSNP) evolved from an effort to use the insights of psychology to understand the stages of project team development. The resulting theory provides …

Developed by Bruce A. Tuckman in the mid-1960s, Form, Storm, Norm and Perform (FSNP) provides a framework for how project teams develop. It’s useful for project leaders who want to better understand team dynamics, as well as for team members who benefit from self-analysis.

One of the most compelling modern issues in business is sustainability. While most executives voice support for making their company’s operations greener, they may struggle to put a plan in …

The Theory of constraints is similar to the concept of the adage, ‘a chain is only as strong as its weakest link’. In a series of steps in a process, the slowest step controls the pace of the whole flow of the process. The process cannot go faster than the slowest step. This concept was made popular by the author, Eliyahu M. Goldratt in his book, The Goal.