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Topic : Implementing Six Sigma
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Financial Asset management

 

Six Sigma deployment in an Asset Management. Is it possible?

Created by : Shabana Khan, Associate, Yes Bank  | 11 29 2008 11:52:36 +0000
Industry : Asset ManagementFunctional Area : Capital Management(Corporate Finance)
Keywords : It Management Six Sigma Asset Possible Asset Management Six Deployment Sigma
Activity:  621 views;  last activity : 02 18 2011 18:42:27 +0000
What challenges did you face, which particular aspects of Sigma worked well and which didn't?
  
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hi, six sigma is a tool which can be effective if there is correct approach.it depends on where it is used.normally, six sigma helps in accurate and precision correcting of the process.first one should analyse the problem and proper Failur Mode Effect Analysis has to be carried out for any process and even after if there are any corrections to be made then this tool should be applied by considering each and every points starting from pareto analysis to statistical analysis.one thing is sure six sigma is very efficient if it is used in right direction.
By jairaj shyam prasad, Production Manager, BOSCH Ltd  05 18 2009 14:47:51 +0000
 
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Yes,I assume any Assets Management which involve human effort is bound to produce variation in input or output. The process owner need to just read all the complaiants for ask the process operator about the pain points.
By Ganesh , performance improvement Manager, NCS  | 02 18 2011 18:42:27 +0000
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The more dynamic the industry, the faster the Six Sigma projects need to be. Six Sigma DMAIC needs to be applied with some modifications in project time line criteria.Six Sigma DMADV is extremely useful and effective in such sectors.
By Vishwadeep Khatri, CEO/MD/Director, Benchmark Six Sigma  | 12 03 2009 17:16:59 +0000
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Yes, it works. Click here to see some details. 

Regards, 

VK
By Vishwadeep Khatri, CEO/MD/Director, Benchmark Six Sigma  | 08 11 2009 07:02:34 +0000
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It is possible if we correct few things in relation to Asset Management. Here the biggest challenge will to identify errors and device a possible solution for it. This will be easy in a manufacturing setup but will be difficult in case of Asset Management industry.
By Shabana Khan, Associate, Yes Bank  | 11 29 2008 11:52:36 +0000
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I think Six Sigma type initiatives seldom work because of the dynamic nature of the industry as well as the market in which they operate. Though in principle everyone wants to reduce defects and in the asset management world that would be equivalent to reducing trade errors or compliance violations, but I think 6 sigmas maybe an over kill in this type of environment.

By Murugesan S, Sr. Associate, Kotak Mahindra  | 11 29 2008 11:55:41 +0000
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