2017 - Process Reliability Modelling: Improving Organizational Effectiveness and Bottom Line

OVERVIEW
Process Reliability Modeling (PRM) is a very sensitive measurement instrument used to identify areas of processes contributing to loss of revenue and customer dissatisfaction. PRM was created to satisfy requirements for Doctoral degree.
WHY SHOULD YOU ATTEND
Historical data suggest organizations perform at a Sigma Leve of 4; the cost of ineffective management is between 15 to 25 percent of an organizations sales.
A more realistic Sigma Leve in today’s organizations is 3 which suggest the cost of ineffective management is between 25 to 40 percent of an organizations sales.
Traditional methods of Process Improvement demonstrate high failure rates: Business Process Reengineering (BPR) 50% to 85%, Total Quality Management (TQM) 75%, and Six Sigma 90%. As a result organizations bottom line suffers.
To improve bottom line organizations will downsize believing this will improve their bottom line; however, long term statistics reveals just the opposite is true.
When implemented and managed Process Reliability Modeling will improve organizations bottom line 15 to 25 percent if organizations Sigma Leve is 4 and 25 to 40 percent if organizations sigma level is 3.
AREAS COVERED
• Process Reliability Modeling: history, the process, validation
• Results of effective management, sigma score and customer satisfaction
• Process as competitive advantage
• Process owners
• Turning qualitative information into quantitative data to determine process and system reliability
• Plotting results on two-by-two grid for analysis
• 7-S Alignment
• Root Cause Failure Analysis
WHO WILL BENEFIT
This training is useful for all the individuals who want to learn process variation countermeasures. It would be ideal for:
• Senior executives
• Strategic leaders
• Quality Managers
• Product managers
• Manufacturing and R&D Managers
• Quality Professionals/Consultants
• Presidents/Vice Presidents/CEOs
• ISO Coordinators/Management Representatives
• Engineers and Supervisors
• Laboratory quality professionals
• Accredited auditors requiring the competency to audit Quality
LEARNING OBJECTIVES
• Identify areas of process contributing to ineffectiveness, inefficiency and unreliability
• Understand how to eliminate process variation
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