These Top 3 kind of questions are always tricky. But let me give a shot anyway.
1. The ITEA criteria ensures our teams do not jump the steps of the improvement methodologies LSS or Problem Solving. The questions asked in the ITEA criteria are almost used like a checklist as we review teams' progress
2. Consistency in implementing the methodology across our companies
3. Enables ranking the teams' performance within each company and then across the Group i.e. the Group's best projects etc
One follow-up question - how do you keep everyone engaged in improvement and using the criteria/standards?
1. As a first step, we have a Project of the Year (POY) competition within each of the 5 companies. Those projects are first screened by the senior leaders of that company and shortlisted from say, 80 to 18 projects. The 18 then present to an external jury to be recognized and awarded on that day
2. Winners of the POY for each company come to my office.
3. These winners now go through another review, this time across the Group wherein the jury is international. Jury members from the US, China, Australia, Canada etc.
4. The winners selected here are presented at what we call the Max Excellence Day held annual. Board members, SLT, ++ over 500 staff attend that function
5. Winners at the Max Excellence day get nominated to the ITEA competition
That has got CEOs to say, to me...Prashant next year my projects will make it to the US...that's my bet with you.
What data do you use to show the ROI regarding the amount of time and energy spent on project evaluation? I know a lot of companies would struggle with that.