A few years ago I wrote about the difficulties that can ensue when you’re trying to get started on a lean Six Sigma or quality improvement initiative. What can be especially difficult is having many potential projects and you aren’t sure which one will give the most bang for your buck.
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When it comes to deciding which projects to focus on, a project prioritization matrix is a good place to start. It can help you logically select optimal improvement projects against their weighted value based on your company’s predefined metrics (i.e., consider the projects’ relevant importance to company goals). The matrix can help determine which projects offer the most value for your effort.
A project prioritization matrix example is shown in figure 1. It compares only two projects, but you could use it to compare many projects.
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Comments
Great article
I have used this tool for many years (outside of Minitab) with one small twist.
It wasn't used to decide what to do, rather used for what NOT to do
Selecting the Right Quality Improvement Project
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