Question 1
A multinational financial services firm has launched an enterprise-wide Lean Six Sigma initiative. As the lead Master Black Belt, you are tasked with designing the project portfolio management process. The executive committee is concerned about aligning projects with strategic objectives, such as 'Digital Transformation' and 'Customer Retention'. Which of the following is the most effective tool for prioritizing and selecting projects in this context?
Answer and explanation
Correct answer: C
A balanced scorecard or weighted scoring matrix is the most effective tool for this scenario. It moves beyond simple financial returns to ensure projects are aligned with broader strategic goals like digital transformation and customer retention. This approach allows the governance committee to make holistic decisions that balance financial benefits with long-term strategic imperatives, risk, and resource availability, which is a core responsibility of an MBB in enterprise deployment.