Double your profit in two years; without capital investment

Chronic problems in an organization do not have alarm systems. Leaders need to proactively identify them, translate the opportunities / problems into the language of management – MONEY, and thereby pull the alarm. This can enable leaders to double their profits in two years! Yes, two years and without capital investment.

It should be noted that all chronic problems are solved project-by-project. According to Dr J M Juran, “There is no other way”. This project-by project approach is commonly known as Continual Quality Improvement.

Having lived with chronic problems for several years, the leaders now lament that “Quality Improvement Projects take too long……..”. Fifteen weeks is too long. Why not fifteen days?

While it is possible to reduce the time it takes to complete a Quality Improvement Project, it may not be as low as fifteen days. Perhaps, thirty.

Based on 26 years of Continual Quality Improvement consulting experience, Qimpro has identified the following factors as the Top Time Wasters in projects. All this after project teams have been trained on the methodology, tools, roles and soft skills:

1. Vague mission by the Quality Council to the project team
2. Inefficient conduct of weekly meetings
3. Poor team dynamics
4. Poor planning for data gathering
5. Jumping to remedy prematurely
6. Delay by team members in defining the resistance to change
7. No clarity on measurement
8. Over dose of flowcharting
9. Poor implementation plans
10. Project too large.

Addressing these factors has helped organizations to leap to doubling their profits.