Involving Finance in Six Sigma - Do It Early and Fully


Posted by: meikah | 16 July 2008 | 10:51 pm

Six Sigma and FinanceThat’s the advice of Tony Jacowski. These are the reasons:

  1. On Benefits - The teams agree upon the calculation of benefits upon implementation of the project, and when it’s time to transfer the project ownership to the process owner, the teams can review the expected benefits.
  2. On Reliability - The finance team can give an honest assessment of the expected benefits and will report correctly any finance-related info.
  3. On Standardization - Results of the computation of benefits are reliable and meaningful.
  4. On Auditing - Project results and benefits can be subject to internal audits and other reviews of benefits.
  5. On Budget - Any process improvements, such as KPIs, can be included in the budget.
  6. On Accountability - The finance department can ensure that the Six Sigma project has accomplished more than the previous year(s).

Read more…

*Photo from Stock.Xchng

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 Filed under: Finance, Deployment, Six Sigma | |






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