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.