Six Sigma And Risk Assessment

If you are a Risk Management Professional, Lean Six Sigma learning shall help in the following ways.

Six Sigma and Risk Assessment
a. Six Sigma is a robust methodology when it comes to Risk Management. Tools like FDM and FMEA covered in Green Belt Certification and the ones like QFD and DFMEA focus on this area.
b. Participants get conceptual inputs, study examples and carry out an exercise with these tools.

Streamlining the operations of an organization.
a. Six Sigma improvement projects result in streamlining of operations.
b. In addition to modelling processes, you also learn how to create new processes or change existing processes using powerful tried and tested management techniques.

Relationship with Sarbanes Oxley compliance which involves documenting the risks and identifying the controls as per the SOX Act,2002

• The Green Belt program provides many inputs regarding process control. The most important one is statistical process control (SPC)

• Mistake proofing techniques to avoid or eliminate the impact of human errors is also covered in the program.

Relationship of Six Sigma with Internal Audit, Business Process Review, Basel II,etc.

a. Green Belt program provides inputs how to avoid blaming people and get better results from processes.
b. Quite a few techniques relate to process review and analysis and this includes graphical, quantitative and qualitative tools.