Last week, Palisade Corporation held its North American User Conference; it was a very successful event that brought together @RISK Users from around the world. Presentations and discussions touched on topics such as the subprime mortgage crisis, financial risk management, modeling flu, project risk management and of course, the ways to Monte Carlo simulation in Six Sigma.
It was great to see such a high level of interest in the Six Sigma related presentations and buzz they created in both the social networking opportunities as well as the feedback forms that were submitted after the conference. This shows despite the economic difficulties and the natural tendency to eliminate all unessential spending, Six Sigma and Design for Six Sigma is rightfully viewed as part of the solution.
SigmaFlow’s president Jay Holstine, presented Process Mapping for Knowledge Transfer: Doing More with Less. A very pertinent topic in today’s economic times, which will be presented live as an ISSSP Focused Session on November 25 at 2pm EST. Please join us.
Ed Biernat from Consulting with Impact led a presentation on the use of Six Sigma in Process Industries. If you are interested in viewing his presentation, Lean Six Sigma Applicatin of @RISK Part I, it can be viewed online. Part II will be live on December 12, 2008 at 1pm EST where he will dive deeply into the use of @RISK in this case study. Please join us.
A recent article, Executives Switch to Survival Mode, in the Wall Street Journal indicates that two of the top issues in crisis management can be managed with a strong Lean Six Sigma program, these were:
- Excellence in Execution – Whether on the shop floor or in administrative processes, there is no longer room for inaccuracies or waste.
- Speed, flexibility and adaptability to change is another area where a strong Six Sigma program mitigates the effects of crisis.
The interest at our User Conference in exploring the use of @RISK to reduce project cycle times and costs indicates to me that smart business leaders are looking to reduce risks and strengthen their companies during this time of crisis.