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Energy Brochure

The Welty Energy Business Model is comprised of 3 key components as follows: Continuous Improvement Project Management & Associated Tools Lean

The Welty Energy Business Model is comprised of 3 key components as follows:
Continuous Improvement
Project Management & Associated Tools
Lean

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CONTINUOUS IMPROVEMENT<br />

Continuous improvement is an ongoing effort to improve products, services or processes. These<br />

efforts can seek “incremental” improvement over time or “breakthrough” improvement all at<br />

once.<br />

Striving for continuous improvement in all we do means a constant awareness to maximize value<br />

and eliminate waste. The Welty Project Management Method employs many tools to facilitate<br />

this process, but the common approach across all, is the Plan-Do-Check-Act cycle while<br />

establishing new standards and new common practices along the way.<br />

This monitors changes in the project. It takes into consideration the amount and types of issues<br />

that arise and how quickly they are addressed. These can occur from unforeseen issues,<br />

scope changes, or changes in conditions. During this time, project managers may need to adjust<br />

schedules and resources to ensure the project remains on track.<br />

Among the most widely used tools for continuous improvement is a four-step quality model—the<br />

plan-do-check-act (PDCA) cycle, also known as Deming Cycle:<br />

PLAN<br />

Identify an opportunity and<br />

plan for change.<br />

DO<br />

Implement the change on<br />

a small scale.<br />

CHECK<br />

Analyze the results and<br />

determine whether it made a<br />

difference<br />

ACT<br />

Implement change and<br />

assess results.

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