Organizations that have focused on finding their project "coxswain," typically through dedicated capital portfolio management programs, have been shown to significantly optimize efficiency, sales, and profitability. A research report, "The Value of Project Management in Organizations," conducted by PM Solutions' research and publications division, The Center for Business Practices, reveals that organizations with a solid project management infrastructure achieve an average of 20-percent improvements in productivity, customer satisfaction, cost reductions, and return on investment.
“How do you know you are doing well if you don’t know how well you are doing?”
Simply stated, we need to know how well we are doing. The first effort in this direction of knowing how well we are doing is the focus group.
Given the multiple sources of data that the ECOS initiative will collect and accumulate, the following strategy will be used to process suggestions through the committee structure established for the initiative:
In the MSU Way: ECOS initiative, we utilize the Plan, Do, Check, Act (PDCA) cycle, or Deming Cycle, to guide our work. The PDCA cycle is a never-ending cycle, repeated again and again for continuous improvement.