Browsing All Posts filed under »Six Sigma«

Marketing has a New Lean Diet

October 5, 2012 by

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In today’s economic climate, it’s not uncommon for organizations to drastically cut their marketing budgets in an effort to improve their bottom line. And yet, during this fiscal downturn, the need is even more prevalent to reach consumers, improve branding and broaden market shares. Marketing staff must find ways to identify opportunities in both new […]

2010 in review

January 2, 2011 by

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The stats helper monkeys at WordPress.com mulled over how this blog did in 2010, and here’s a high level summary of its overall blog health: The Blog-Health-o-Meter™ reads Wow. Crunchy numbers A helper monkey made this abstract painting, inspired by your stats. About 3 million people visit the Taj Mahal every year. This blog was […]

Risk Management Approaches

December 2, 2010 by

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Weaving throughout the Business Analysis Body of Knowledge (BABOK), ISACA content & CobiT, Lean Six Sigma best practice and the Project Management Body of Knowledge (PMBOK) / PRINCE 2 is the concept of proactively managing risk.  Risk is based on a probability of an event occuring (positive and negative) and the impact should that even […]

Risk Priority Number (RPN)

September 30, 2010 by

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Risk management weaves through multiple disciplines.  Addressing potential future events, both good and bad, is the focus of risk management.  There are two primary factors: 1) the probability of that event occurring and 2) the impact of that event occurring.  Take those two together (multiply) and a Risk Priority Number can be calculated. For example […]

Management “Nexus” – the intersection of multiple disciplines

September 14, 2010 by

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Nexus – 1. a means of connection; tie; link. 2. a connected series or group. 3. the core or center, as of a matter or situation. In geek’dom – a moderately successful 1994 Star Trek movie that saw one 700 year old guy named Soran (wonder if they’d been reading Tolkien) not only take on […]

RFP’s – Vendor Selection – Scoring

August 8, 2010 by

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In a Request For Proposal selection process or project a flexibility, well defined rubric  is critical.  That rubric is  more commonly known as score sheets, scales and weights.  The best practice is to define that rubric prior to issuing the RFP – the selection committee needs to know 1) what they are selected and 2) […]

Request For Quotation (RFQ)

July 27, 2010 by

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A Request For Quotation is a seller selection process where the buyer knows what they need and specifies quantity, terms, even target price.  It is a companion, complimentary seller/vendor selection tool to the Request For Proposal.  You might use a RFQ at your work place and not even realize it.  For example purchasing 100 copies […]