Organizational Process Management and Measures

Stakeholder impact, benchmarking, business performance measures, and financial metrics.

This domain focuses on how Six Sigma projects impact stakeholders and how organizational performance is measured. It covers the impact on customers, suppliers, and other stakeholders, various benchmarking types (best practices, competitive, collaborative, breakthrough), performance measures including balanced scorecard, KPIs, KBIs, OKRs, and customer loyalty metrics, as well as financial measures such as NPV, ROI, cost-benefit analysis, and the distinction between hard and soft cost benefits. (12 exam questions)
5 minutes 5 Questions

Organizational Process Management and Measures is a critical component of Lean Six Sigma Black Belt certification that focuses on understanding how organizations systematically manage their processes to achieve strategic objectives while maintaining operational excellence. This discipline encompass…

Concepts covered: Types of Benchmarking, Breakthrough Benchmarking, Balanced Scorecard, Objectives and Key Results (OKRs), Customer Loyalty Metrics, Line of Sight to Organizational Strategy, Net Present Value (NPV), Cost-Benefit Analysis (CBA), Impact of Six Sigma on Customers and Suppliers, Best Practices Benchmarking, Competitive and Collaborative Benchmarking, Benchmarking Measures and Performance Goals, Key Performance Indicators (KPIs), Return on Investment (ROI), Key Behavior Indicators (KBIs), Leading and Lagging Indicators, Revenue Growth and Market Share, Hard Costs vs Soft Cost Benefits

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540 questions (total)