SIX SIGMA PORTFOLIO MANAGEMENT

GenSight® enables enhanced selection, prioritization and tracking of process improvement projects. The tailored solution utilizes criteria linked to the six sigma DMAIC methodology to enable more effective project selection, tracking and management, and optimize overall benefit realization. With GenSight® you can select the portfolio of projects delivering the greatest value and the lowest risk within available resource limitations.

Six Sigma and other process improvement initiatives are growing exponentially in popularity, driven primarily by dramatic results. Experts agree that this movement will dominate the business improvement scene for the next decade. It has moved clearly beyond being the latest fad. It’s a simple formula: Well-selected and well-defined improvement projects equal better, faster results. Project selection is arguably the most important task of Six Sigma leaders, and one of the easiest to get wrong.

Many organizations have done a remarkable job in bringing the “How-to” of Six Sigma to the organization: the principles, the vocabulary, the extensive training and tools. Yet there has been little attention paid to the “What-to-do” side of Process Excellence. Even though the importance of picking the right projects is usually highlighted in the training and rollout, little is available in the area of project selection methodology.

While Six Sigma is built upon data and fact-driven management, Six Sigma project management inside most companies today is still based on opinion, emotion and the “I-know-this-business” gut feel. Projects are often identified and approved by “advocates” – and very often do not align with strategic goals, so do little to drive growth and improve business results. Furthermore, projects get selected in isolation without understanding the linkage or overlap with other projects.

Why GenSight® SIX SIGMA

The GenSight Group has developed GenSight® Six Sigma, a comprehensive business solution that has taken corporations to an entirely new level of idea generation, project selection and project management. Imagine the competitive advantage you would own by having the best-in-class project selection and management capability.

Bring Strategy to Life - Translate and integrate strategy throughout the organization. Ensure that Six Sigma projects are aligned with strategic objectives.

Achieve the Desired Balance - Ensure a balanced portfolio across a number of key dimensions including:

Strategy
DMAIC phase of development
Short vs. long-term
Risk level
Business Unit / Region

Enable and Accelerate Growth - Ensure the portfolio of Six Sigma projects has the greatest contribution to the business.

Track Project Benefits – Make projects accountable, and find out which projects really do deliver tangible benefits, and when.

Optimize Resource Allocation - Reduce non-value added activity by optimizing the allocation of human and financial resources.

Achieve Data Visualization - View the entire Six Sigma project portfolio – today and over time - through advanced data visualization technology.

Collaborate on Projects - Share Six Sigma projects across divisions, regions and operating groups - thanks to a standard, enterprise-wide process and system.

What Makes GenSight® Six Sigma so Powerful?

The GenSight Group’s Six Sigma Project and Portfolio Management capability is the result of an extensive research and development program. The capability has three distinct elements: Software, the Decision Excellence® methodology, and Adoption Management.

Browser based functionality enables the entire organization to easily create, find and collaborate on all Six Sigma projects:

Search, update and maintain all project information
Filter, monitor and report on project selections
Progress, track and approve projects through all DMAIC phases
Automatic triggers, alerts and workflow
Role-based views, permissions and security

The Decision Excellence ® methodology embedded into the solution ensures that you always use the right criteria to consistently select the best projects – fully configured to client requirements. Project prioritization ratings are derived from web-based project assessment and tracking forms that include extensive metrics to objectively assess process improvement potential, financial, risk and strategic factors. The process is linked to DMAIC phase, so information collection and presentation is appropriate to the type and stage of project.

SPECTRUM OF BENEFITS

Once integrated as a standardized process, the GenSight® Six Sigma capability offers a wide spectrum of benefits throughout the corporation. From Six Sigma project teams who will use the capability to rapidly assess projects based on agreed upon criteria, to the Executive Committee who will utilize GenSight® Six Sigma to view and assess the entire Six Sigma Portfolio - to ensure it is delivering against the corporate strategic objectives.

Six Sigma Project Teams

Leadership Teams

Global Operating Committees

Executive Committee

Rapidly assess project ideas based on agreed upon criteria

Focus on the “Big Ideas”

Clear and efficient workflow procedures for project approval

Collaborate effectively on projects

Up to date knowledge base always accessible

Improve speed and agility of decision-making

Optimize resource allocation against Six Sigma projects

Link all projects to the strategic plan