Effective decision-making requires economic analysis to be beneficial in a project environment. Producing effective economic decisions is based on various factors and methods, including payback period (PBP), internal rate of return (IRR), and net present value (NPV). Once projects are...

This article analyzes the book The Goal: A process of Ongoing Improvement by E. Goldratt and J. Cox to discuss human resource management implications. The book helped organizations increase profit margins through process management. The book focuses on a manufacturing plant that was unprofitable...

In today's highly dynamic and rapidly changing business landscape, project constraints are continuously increasing regarding cost, time, level of customer satisfaction, and return on investment. Project-related issues are also increasing due to increased complexity, increased number of...

This article describes how human resource management is a field encompassing the interactions between people working within an organization. This area incorporates the process of acquiring, training, appraising, and compensating employees as well as attending to their labor relations, health and...

This article seeks to discuss how project management can help the Lean Six Sigma methodology impact project outcomes. It is found that projects managers play a vital role in the successful implementation of the LSS tools and on meeting customer requirements. This article analyzes and identifies...

Continuous improvement is used to enhance productivity and customer value. However, throughout the years, its efficacy dwindled. Thus, a hybrid methodology known as Lean Six Sigma was developed. It combines Lean and Six Sigma in a continuous improvement effort to address most challenges...

System engineering in complex systems has transitioned into a well detailed, universally accepted, client-oriented methodology. Unfortunately, this approach hasn't been adopted in most commercially mandated research and development organizations. This article acknowledges that to improve the...

This research establishes the relationship(s) that shared leadership has with two performance metrics in Six Sigma healthcare teams: the perceived effectiveness of a team completing assigned project deliverables and satisfying customer requirements. Another primary goal is to comprehend...

Close to 75% of marketing and promotional campaigns globally fail to meet their purpose. Marketing campaigns fail due to pitfalls, which sink promotional projects. Strategic planning is significant in overcoming these pitfalls hence increasing the chances of business being successful in their...

Today, project managers are challenged with improving efficiency and overall productivity while working on certain tasks. They must be flexible and understand how to use tools and methods to improve results. While Lean Six Sigma (LSS) provides an overall data driven process to detect and improve...