Question: The Six Sigma team has a specific focus on supporting management in choosing projects by developing a Grid matrix that evaluates and ranks a list
The Six Sigma team has a specific focus on supporting management in choosing projects by developing a Grid matrix that evaluates and ranks a list of projects based on a set of weighted criteria.To initiate this process, the team identifies a list of criteria and assigns weights to each one. Subsequently, the team evaluates every project against these criteria.The criteria they identified are:Degree of Strategic AlignmentRisk and UncertaintyPotential for LongTerm BenefitsComplexity of the ProjectResources required eg financial, HRPositive customer impactThe Six Sigma team held a meeting with the management to discuss the importance of the selected criteria. The management's feedback indicated a strong emphasis on prioritizing longterm benefits and the positive customer impact. The strategic alignment of the project with the organization goals and the necessary resources required for its implementation were given moderate consideration. However, risk and complexity of the project did not appear to be of great importance to the management.Note that the level of importance score for the selected criteria is on a scale of to A score of indicates that the criterion is of utmost importance, while a score of signifies that it is generally unimportant. A score of denotes that the criterion is of moderate importance.After conducting a feasibility and profitability study, the team determined that the likelihood of success for the first and second projects did not exceed Despite incurring costs of KD and KD respectively, these projects were only projected to yield savings of KD and KD The estimated completion times for the first and second projects were three and two months, respectively.On the other hand, the third project had an chance of success, and its estimated completion time was two months. Following their analysis, the team concluded that the third project was the most viable option. It was estimated to yield savings of KD while costing KD
Do all the table dont miss any thing please
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