Page 211 - The Six Sigma Project Planner
P. 211

Worksheet 70. Project Assessment Summary

                      Project Description or ID   Project   PPI     ROI Priority  Throughput   Comments
                             Number             Score      Priority                Priority












                                                    TEAMFLY

                    Tracking Six Sigma Results
                    It is vital that information regarding results be accumulated and reported. This is useful
                    for various purposes:

                       •  Evaluating the effectiveness of the Six Sigma project selection system
                       •  Determining the overall return on investment
                       •  Setting budgets

                       •  Appraising individual and group performance
                       •  Setting goals and targets

                       •  Identifying areas where more (or less) emphasis on Six Sigma is indicated
                       •  Helping educate newcomers on the value of Six Sigma
                       •  Answering skeptics

                       •  Quieting cynics
                    A major difference between Six Sigma and failed programs of the past is the emphasis
                    on tangible, measurable results. Six Sigma advocates make a strong point of the fact that
                    projects are selected to provide a mixture of short- and long-term paybacks that justify
                    the investment and the effort. Unless proof is provided, any statements regarding
                    paybacks are nothing more than empty assertions.
                    Data storage is becoming so inexpensive that the typical organization can afford to keep
                    fairly massive amounts of data in databases. The limiting factor is the effort needed to
                    enter the data into the system. This is especially important if highly trained change

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