Six Sigma was a powerful quality improvement system developed by Motorola that took the world by storm in the early 2000’s with high profile adoptions by General Electric, Honeywell, and others. Lean was a manufacturing methodology originated by Toyota, which turned manufacturing on its head by focusing on minimizing idling products (inventory) rather than minimizing… [Read More]
Cost Performance Index – Earned Value Management
In the operating room, an electrocardiogram (ECG) machine tirelessly tracks a patient’s heartbeat, offering surgeons a real-time glimpse into their health and alerting them to irregularities before they become crises. Similarly, in the high-stakes world of project management, the Cost Performance Index (CPI) within Earned Value Management (EVM) acts as a vital diagnostic tool, monitoring… [Read More]