Creating sustainable shareholder value with Lean Six Sigma

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This book explores the financial impacts of Lean Six Sigma projects, emphasizing their relevance to financial success and measurement systems. It combines Lean Six Sigma and Shareholder Value concepts, making it valuable for managing directors, controllers, and Lean Six Sigma Master Black Belts. It addresses how these projects can enhance shareholder value sustainably. With comprehensive descriptions of theoretical foundations and practical applications, it serves students, lecturers, and project managers as well. The content covers project initiation, types of waste, quality costs, procedures, and organizational structures. It compares discounted cash flow (DCF) and various residual income evaluations (EVA, CVA), along with value-based management and value creation levers. The book details the effects of typical projects on the company value chain, calculating their financial impact on earnings (EBIT), cash flow (CF), and shareholder value (SV), while considering the weighted average cost of capital (WACC), sustainability, duration, and growth. Additionally, it evaluates non-financial impacts using the balanced scorecard (BSC) approach and assesses project risks. By applying portfolio theory and project portfolio selection methods, it prioritizes projects, ensuring that the most relevant ones are chosen for realization to sustainably enhance shareholder value.