POV: Process improvement projects add value if the application method is simple to apply, contributes to the growth/profitability of key products offered and markets served, and results can be managed and sustained over time.
Companies usually have the internal resources (people) to form the cross-functional team of key stakeholders who have a direct, or significant indirect influence, of the area to improve. Leaders must select an improvement method that is simple to understand, can be transferred/learned by internal resources, and delivers the sustained results through a simple DESIGN, EXECUTE and CONTROL structure.