DMAIC is the problem-solving methodology behind Lean Six Sigma. As a cycle, it consists of five vital actions:
PROJECT SELECTION IS CRUCIAL FOR SUCCESS
Before beginning any process improvement project, it’s vital that you choose projects that are good candidates for improvement. This will set you up for success. A good project for improvement will always:
- Have an obvious problem within the process
- Have the potential to result in increased revenue, reduced cost or improved efficiency
- Have collectable data
Dodge Data & Analytics recently benchmarked the current state of capital project delivery performance and found a statistically significant correlation between use of Lean methods and better project outcomes. High Lean intensity projects were three times more likely to complete ahead of schedule and two times more likely to complete under budget.
To establish a benchmark, eighty-one owners responded to Dodge Data & Analytics’ Owner Satisfaction & Project Performance survey by answering questions about their perceived best project and a typical project in the last three years — providing data on schedule, budget, quality and safety performance as well as information on how the project team was organized, the commercial terms for the project and the management methods used. Continue reading “Lean Projects are Three Times More Likely to Complete Ahead of Schedule According to Dodge Data & Analytics’ Research”
The race to cultivate and transition leaders into executive positions is on. Is your company ready for the challenge?
With 10,000 baby boomers retiring every day, the construction industry is in a race to fill vacant leadership seats with candidates who are as competent as they are agile. Defined as the power to move quickly and nimbly while thinking on your feet and acting Continue reading “8 Characteristics Of An Agile Leader “