Lean Six Sigma is a team-focused managerial approach that seeks to improve performance by eliminating resource waste and defects.
It combines Six Sigma methods and tools with the lean manufacturing/lean enterprise philosophy. It strives to eliminate the waste of physical resources, time, effort, and talent while assuring quality in production and organizational processes.
Simply put, Lean Six Sigma teaches that any use of resources that doesn't create value for the end customer is considered a waste and should be eliminated.
Scrum is an agile development methodology used in the development of Software based on iterative and incremental processes. Scrum is an adaptable, fast, flexible, and effective agile framework that is designed to deliver value to the customer throughout the development of the project.
The primary objective of Scrum is to satisfy the customer’s need through an environment of transparency in communication, collective responsibility and continuous progress. The development starts from a general idea of what needs to be built, elaborating a list of characteristics ordered by priority (product backlog) that the owner of the product wants to obtain.
Project management involves the planning and organization of a company's resources to move a specific task, event, or duty towards completion. It can involve a one-time project or an ongoing activity, and resources managed include personnel, finances, technology, and intellectual property.
No matter what the industry is, the project manager tends to have roughly the same job: to help define the goals and objectives of the project and determine when the various project components are to be completed and by whom. They also create quality control checks to ensure completed components meet a certain standard.
ISO 9000 is a set of standards for quality management, developed as an internationally-acceptable baseline for performance by businesses and other organizations. It was created by the International Organization for Standardization (ISO) with input from standards professionals from many nations.
Quality management is the act of overseeing all of the processes that go into achieving and maintaining the desired level of excellence in the creation and delivery of a product or service. This includes the determination of a quality policy, creating and implementing quality planning and assurance, and quality control and improvement. It is also referred to as total quality management (TQM).
In today’s economy, organizations are doing more with less. They’re demanding more productivity from every employee and looking for every possible measure to improve the bottom line. And they’re expecting their employees to monitor and drive this process themselves.
By improving your financial know-how, you’ll empower yourself in many ways. You’ll know how to justify requests and translate performance into financial terms. You’ll be able to quantify your department’s contribution to the organization—and your own. You’ll communicate more effectively with your boss, upper management, shareholders, and other stakeholders about the financial results you have achieved and those you plan to deliver.
A company without a strategic plan is like a boat without a rudder. Without anyone at the helm guiding the boat, it will wander aimlessly in the water. A company may have a similar fate — it may be afloat, but not headed in the best direction to ensure its long-term success.
Successful organizations do not allow the strategic direction to be set by mistake. These organizations have a well-organized plan that is discussed among key players, including the stakeholders, employees and community. They take into account internal and external influences and make decisions based on fact rather than generalizations.
Kaizen is a Japanese term meaning change for the better or continuous improvement. It is a Japanese business philosophy that concerns the processes that continuously improve operations and involve all employees. Kaizen sees improvement in productivity as a gradual and methodical process.
The concept of kaizen encompasses a wide range of ideas. It involves making the work environment more efficient and effective by creating a team atmosphere, improving everyday procedures, ensuring employee engagement, and making a job more fulfilling, less tiring, and safe