Sunday, August 16th, 2009

To overcome business continuity challenges, a business will be required to formulate emergency or disaster management plans, also referred to as business continuity. Further, businesses also need to ensure that the plans prove effective, for which they can use the highly effective concepts and methodologies of Six Sigma.Six Sigma can certainly help in devising the most effective contingency plans because it follows a statistical approach for solving problems rather than using gut feelings, that can prove to be wrong.Employing DMAIC For Business ContinuityMost businesses nowadays are using the DMAIC (define, measure, analyze, improve, control) methodology for devising contingency plans for the future because the methodology is supposedly the best project management tool available. DMAIC was originally devised as a method for improving the efficiency of business processes, but now businesses are employing it for managing all types of projects, be it a quality improvement project or a business continuity project.The DMAIC Process For Business ContinuityWhen DMAIC is being used for managing a business continuity project, the first step involves defining all the potential threats that can affect the company's productivity and profitability. Once the threats have been defined, the next step involves measuring the exact effects that each of these potential threats will have on the business. This is done with the ...
Tags: Business Continuity, Gut Feelings, Software Tools
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