My new manager is pushing for Six Sigma practices, so I am trying to understand the real benefits of what sounds like a big implementation effort.

six-sigma process-improvement

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We are looking at a lot of investment and acquisition opportunities, including a mix of established and new businesses. Many of them have revenue "hockey sticks" in the projected years. I mean that they assume fast growth in sales once they finish project XYZ. Their financial projections show incredible growth. Of course, we are skeptical but our team cannot agree on how to best forecast growth. I'd like to know if there are norms or quantitive data about growth rates out there that we could use in our models to come up with a better valuation.

financial-model business-valuation finance

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Defining the critical path of a project involves identifying all of the steps required to complete the project, determining how much time each step will take, and determining which steps are dependent on other steps (some steps require certain other steps to be completed before they are started while other steps may be completed at any time). Once you have gathered this information, the critical path is the longest sequence of steps required to complete the project. While the concept of critical path is useful in estimating project duration, you also need to make a practical assessment of when people actually plan to complete their project assignments - while the critical path analysis may suggest a certain timeline for the project, you may find that plans or schedules unrelated to your specific project can extend that timeline significantly.

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