Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

RE:RE:RE:RE:Productivity and Reliability, May Business Update

[my2pennies]

1. Define fail. If exceeding and budget/schedule is your definition of fail, then 90%+ of all projects fail. So a 60% fail rate is actually a drastic improvement.

2. How much do they trail the S&P by, and did they trail less or more after applying Six Sigma?

Without providing context to your two points, they actually mean absolutely nothing to anyone with experience in running projects, general business management, or just common sense for that matter. Cheers.

Fantome wrote:

Kherson wrote:

my2pennies wrote: You must fall out of ALOT of chairs if this surprises you. Those of us that have had extremely good success implementing Six Sigma, Lean, or Kaizan know you ALWAYS start small. FULL organization involvement can take years, as it's a cultural shift, and anyone with an ounce of Six Sigma experience fully knows this. It won't lead to failure, but a step in the right direction to better project execution. Must be a pretty good business update if a common sense approach to Six Sigma is the only thing you have to criticize.

Kherson wrote: Finally had a chance to read over the latest Business Update. When I got to page 23 of the update, I almost fell out of my chair when they make mention to implementing Six Sigma to save $10 million, year over year. Sorry folks, but Chemtrade's take on using Black and Green Belts to lead projects is only a half measure that will lead to failure. Six Sigma initiatives work best when the whole organization is involved. 
Kherson
 

 

I fully agree that Six Sigma is a full organization cultural shift and yes I am fully aware of the benefits and disappointments of implimenting or trying to impliment Six Sigma.
Let's have this same conversation after the 2021 Year End financials are released and what results Chemtrade can attribute towards it!
As for the rest of the business update, no mention of any of the recent equity funds raise going towards any proposed Green HYDRGEN projects! 
Kherson

Studies of Six Sigma show the following.....


1....60% of the projects fail

2....58 large companies in the US have followed six sigma and 91% of them have trailed the S&P 500