Total Quality Management and Six Sigma in Project Risk Management

This article discusses the use of Total Quality Management (TQM) and Six Sigma in project risk management. The authors argue that these two approaches can be used together to improve the effectiveness of risk management by identifying and mitigating risks that could impact the project’s success.

The benefits of using TQM and Six Sigma in project risk management include:

• Increased identification of risks
• Improved understanding of the impact of risks
• More effective mitigation of risks

Some of the challenges of using these approaches include:

• The need for a significant investment of time and resources
• The need for a skilled team of project managers and risk analysts

TQM and Six Sigma can be used together to improve the effectiveness of risk management by:

• Identifying risks using TQM’s focus on customer satisfaction and continuous improvement
• Mitigating risks using Six Sigma’s focus on reducing variation and defects

For more information on TQM and Six Sigma in project risk management, please see the following resources:

• Six Sigma vs. Total Quality Management
• Six Sigma Project Risk Management