R2 Essay Example | Topics and Well Written Essays - 750 words

R2 - Essay Example Common causes on the other hand are the common, past and quantifiable variations within a system (Hwang et al. 96). The tool used to help identify both incidences is statistical thinking. Some advantages to using CTQ trees are; transformation of unspecific into specific customer requirements, aid sigma teams to detail wider specifications and it assures the fulfillment of all customer requirements (Graban 63). Advantages of conducting a stakeholder analysis include; one gets to understand the stakeholders better through identifying risks and managing the existing relationships better, one is able to decide and strategize in an effective way, and one is able to accept the actions of stakeholders in an organization in a better way (Hwang et al. 109). The disadvantages are; the analysis yield better results if done continuously, subjective assessment analysis and sometimes some interests of specific stakeholders may not be met (Eckes 110). The payoff matrix represents valuable results like lottery tickets or money for participants (Hwang et al. 43). The matrix is used in experimental games, the participants are given an opportunity to choose to cooperate or un-cooperate, but the final consequences falls on them (Hwang et al. 32). Tools useful in running effective team meetings are OARR objectives, roles and responsibilities as well as agendas. These tools help to have an industrious, valuable, and engaging meeting. These tools will ensure smooth and effective meeting that will cut down costs and save time (Graban 54). Lean standardization advocates that the future needs us to be more efficient in pointing out problems and finding solutions for them (Graban 11). This calls for analysis of processes going into products. Traditional Standard Operating Procedures (SOPs) was never given priority, and it was disjointed and difficult to understand. Challenge; to have a long term vision of future challenges so that