Accurate Time and Cost Management
Lean Six Sigma methodology help to prevent what is known as “expectations failures” in the project management jargon. These failures are caused by poor project estimates and incorrect examination of customers’ priorities. Lean Six Sigma programs make use of analytical tools that promote fact-based conversations between project managers and their clients. Effective use of such tools will prevent the occurrence of worker-subjective decisions or politically motivated actions about schedules and budgets that project teams commit to. Timely and accurate delivery of projects would help promote the business image and avoid expectations related hurdles that occur in the jobs of Project Management Professionals.
Since both Lean and Six Sigma are management philosophies that focus on eliminating waste and variability in the project deliverables, they are of prime importance for Project management Professionals.
By asking questions such on the Normality, Capability and Stability, Project Managers who have practical knowledge of Lean Six Sigma tools are able to cut down the variations that could potentially occur in their operations and deliver projects that meet the quality expectations of their customers.
Six Sigma tools such as Markov model and combinatorial methods can be used to improve testing processes.
Project Management Professionals have to work on various projects and are given the responsibility of managing different teams under their leadership.
To make effective use of their employees, Project Managers have to keep the staff working under them motivated and informed. Lean methodologies focus on eliminating irrelevant business procedures and promoting standardized practices.
This makes work for employees easier as it eliminates unnecessary procedures. Standardization eases the process of transition for the newly hired team members and brings them on board swiftly.
What differentiates Project Managers from other management professionals is that they are more likely to have to work in positions that are cross-disciplinary. This means in their career they are likely to not stick to a particular industry but rather move around. The higher skill set they have of working in various industries the more chances there are of them getting a job or getting considered for higher management roles.
That is why learning Lean Six Sigma is beneficial for Project Management Professionals. The program has applicability across industries. And the reason for such a wide application is its reliance on broad use of waste reduction principles rather than on specific procedures. As a proof of that, we can experience Lean Six Sigma being successfully implemented in Banking and Financial services, Information Technology, Telecommunication, Human Resources, and Business Consulting along with many other industries.
If you wish to learn more about the system of Lean Six Sigma, please check out LearningManager Lean Six Sigma.