Improvement of Project Management in an SME - A Six Sigma Approach
Publicerad
Författare
Typ
Examensarbete för masterexamen
Master's Thesis
Master's Thesis
Modellbyggare
Tidskriftstitel
ISSN
Volymtitel
Utgivare
Sammanfattning
Enterprises all throughout the world, especially small and medium-sized businesses (SMEs),
are essential to economies because they create jobs, innovate, and contribute value. However,
in project based SMEs, because of their different structures, dispersed locations, and cultural
barriers, SMEs especially those operating globally present distinct project management
challenges because of their dynamic nature. This paper examines the project management
difficulties that a developing medium-sized global organization has and suggests solutions to
meet goals in the face of changing circumstances. Examining the existing information
available on project oriented SMEs that work with project management and continuous
improvement methodologies like Kaizen and Hoshin Kanri, this research investigates
structural issues arising from growth and increasing targets. The methodology employed
aligns with the Six Sigma DMAIC method, addressing research questions centered on project
management challenges and pathways to achieving organizational objectives.
The research finds out a few challenges affecting the Project Management such as lack of
Standard Operating Procedures (SOPs) and other un sustainable growth plans causing stress
to the employees. The study later on moves forward in bringing out the causes of these
challenges and finally marks out the areas of improvement with some recommendations.
Important findings point to organizational structural challenges that are in need for focused
adjustments. The fundamental objective of the recommendations is to match short-term
improvements with long-term objectives by using continuous improvement approaches and
improving organizational control while preserving project flexibility. This study adds to our
understanding of project management in SMEs, especially when it comes to international
expansion, and offers practical advice for businesses trying to successfully manage
growth-related obstacles.
Beskrivning
Ämne/nyckelord
Small to Medium sized Enterprises, Project management, Underlying causes, Affinity interrelationship matrix, Effective scoping, Fishbone-diagram, Multivariate analysis