what is the logocal method to decide process optimization target (in % improvement)?

Hello Himanshu,

You can use Benchmarking to decide process optimization targets. Internal benchmarking may not always give you the best targets. Competitive benchmarking or cross industry benchmarking shall provide you better options.

Best Regards,

VK

 

If you don't find any Competitive benchmarking or cross industry benchmarking data, then you should start going beyond your own previous achievement/record and study the MUDA,MURA and MURI in the process and eliminate or reduce them to Improve the process.

Dr.R.V.Jayathirtha.

Yes, I agree with Dr. RVJ.

In the begining of a Six Sigma project, you need to set challenging goals (which you may be unsure of). As you learn more from your process, your project goals can be revised upwards or downwards.

Most initial Six Sigma projects should be low risk. As a company gets more confidence on the methodology, you can work with projects taht have more challenging (higher risk of failure) goals.

Generally speaking - All Six Sigma DMAIC projects shall have an element of risk (probability of failure) as the causes and solutions are unknown when you begin.

Best Regards,

VK

Thanks for your great input.

Is there any source available to know benchmarking data of different process.

 

Regards,

Himanshu Sharma

Hi Vk,

I am working in BOA, Recently i have been completed GB thru Benchmark

Now I have started Initiative in my process , As i have done consolidated Tracker and common share point, which reduce Time limit  from 50mins to 3mins, nearly i saved around 47mins per day, will i consider this as a JDI or GB project

Hi Durga,

Since I am from Bank Ame and from my experience in bank Am I can tell you that it would qualify for a JDI -A.