I have not been apart of any business projects. However, I have attended many re
ID: 357524 • Letter: I
Question
I have not been apart of any business projects. However, I have attended many report outs for kaizens and listened to those that have been involved in looking for solutions to a business need. One most recently is looking at how to cut down on the cost of our hotmelt hoses and guns, this is being done as a Six Sigma Blackbelt project. So far they are in the data collection phase. How often are the hoses and guns being changed, what are the reasons for the changing of hoses and guns? Also, they are taking into consideration how these tools are being used and treated. Are they being hit off of the build tables, stretched too far, allowed to fly back and hit shelves. Also, they are sampling different glue and various hoses from different suppliers. The stakeholders are our the builders, maintenance, plant management, corporate product development and other assembly facilities. If we find a solution to this issue that is not only at our plant, that will be a significant win for the company in savings. Right now they are still in the data collection phase of the project. next will be the analysis phase and then once they see where the data leads it will be presented to plant management in hopes of a total savings of at least $50,000. One driving force for this project is economical. We are currently in a sales lull and the new fiscal year for us is just around the corner, so budgeting for that fiscal year is almost complete. Right now they are looking tighter than last year, so any savings will be helpful.
Please answer the below question in regard to the above reading
Good post, how would you rate the effectiveness of the project to date? Why?
Please add references to support your perspective
Explanation / Answer
Answer:
Project Background:
Currently we have a Six Sigma Black belt project of exploring how to cut down on the cost of our hot-melt hoses and guns. So far the project is in the data collection phase and the collection of all related issues for the project for proper analysis. We are also sampling different glue and various hoses from different suppliers for the project outcome. The stakeholders are the builders, maintenance, plant management, corporate product development and other assembly facilities. The solution to this project will be a significant win for the company in savings. We are expecting a total savings of at least $50,000. One driving force for this project is economical. The sales for the year are low so anything added in the sale will be beneficial to large extent.
Project Effectiveness: Project effectiveness means the right benefits we are expecting from the project, for the development and growth for the organization. A project is generally initiated in the organization in order to achieve some business objectives which are essential for the organization in terms of resolving any major issues, we need to have larger improvements in any part of the organization or we want to develop the organization for future needs and challenges. Thus any major business problem or expectation can be carried out with the help of the project execution.
Six sigma projects are such projects, which are only initiated when there are a complex issues or complex business requirement to be achieved in the organization, then only the six sigma black belt projects are initiated at the organization level. Dedicated teams along with the black belt, leads the project and achieve the desired result for the organization.
Project effectiveness can be assessed based on below factors as below
The effectiveness of this project is good because it is going to resolve a major problem of high cost incurred in hot-melts hoses and guns. The project is working around the cost cut for hot-melt hoses and guns, which will bring the financial saving while adhering to the business requirements in the organization.