There is a saying that “Time and tide wait for no man” or even “An ounce of gold will not buy an inch of time”. This means that an individual should understand the value of time to succeed in all areas of life. Time management is defined as managing the time effectively so that the […]
There are many project management tools in Lean Six Sigma. Green Belt training provides a wealth of tools to navigate your Six Sigma project through the DMAIC approach. One of the crucial project management tools that are used early on in the Six Sigma approach is the Stakeholder Analysis. The stakeholder analysis helps to understand […]
Companies initiate projects for several reasons. In a medium to large size organization, several departments might be working on different projects. The Project Management Office, also known as PMO, manages the initiation, execution, and successful project delivery in an organization. However, regardless of the influence of the PMO, project cost overruns are inevitable events that […]
If you were quite interested in quality management or Six Sigma projects previously, you should have heard about Lean Management or Lean Six Sigma. But what is Lean Management? It was started by Taiichi Ohno at Toyota. It is also known as the Toyota Production System: Lean Management derives its methodology from the Toyota Production […]
Projects are initiated for many different reasons. Creating a new product, legal requirements, customer requests, and technological advancements, just to name a few. No matter what the reason is, project management success is crucial for an organization to survive in the market. Applying best project management practices ensures completing projects on time and on budget. […]