Novel Six Sigma DMAIC Approaches to Project Risk Assessment and Management

Vojo Bubevski comes from Berovo, Macedonia where he completed his primary and secondary education. He graduated from the University of Zagreb, Croatia in 1977, with a degree in Electrical Engineering - Computer Science and Informatics. He started his professional career in 1978 as an Analyst Programmer at Alkaloid Pharmaceuticals in Skopje, Macedonia. At Alkaloid, he worked on applying Operations Research methods to solve commercial and technological pharmaceutical problems from 1982 to 1986. For these applications, he developed his software for optimisation including Linear and Non-Linear Programming, Dual Algorithms, and Integer Programming. In this period, he was a part-time lecturer at the "Koco Racin" Open University in Skopje, for which he, as a co-author, published a couple of textbooks. In 1987 Vojo immigrated to Australia. He worked for IBM™ Australia from 1988 to 1997. For the first five years, he worked in the IBM™ Australia Programming Centre developing systems software. The rest of his IBM™ career was spent working in the IBM™ Core Banking Solution Centre. In 1997, he immigrated to the United Kingdom where his IT consulting career started. As an IT consultant, Vojo worked for Lloyds Bank in London, Svenska Handelsbanken in Stockholm, and Legal & General Insurance in London. In June 2008, he was engaged as a Senior Consultant by TATA Consultancy Services Ltd. He is a specialist in Business Systems Analysis & Design (Banking & Insurance) and has delivered major business solutions across several organisations. He retired in May 2018. Vojo has a very strong background in Mathematics, Operations Research, Modelling and Simulation, Risk and Decision Analysis, Six Sigma, and Software Engineering, and a proven track record of delivering solutions applying these methodologies in practice. He has received several formal awards. Since 2007, he has been doing practical research in applications of Stochastic Risk & Decision Analysis. His work evolved and resulted in a novel stochastic Six Sigma DMAIC method for Risk Management. Vojo published many written works in eminent international conferences and journals and was featured as a guest speaker at several prominent conferences internationally. He published one chapter in an editor's book. He also published 73 books (Ref. ORCID: 0000-0002-7181-4445) including 13 books in English, which were printed in multiple languages, i.e., eight in French, Italian, Portuguese, Russian, and Spanish; seven in German; five in Dutch and Polish; and one in Macedonian. Also, he created his website "Bubevski Consulting™", which is available on the Internet (Link: https://bubevski-consulting.website/). The author's distinguished book Six Sigma Improvements for Basel III and Solvency II in Financial Risk Management, including the Six Sigma DMAIC methods for Risk Management, is recognised and currently ranked with 3.93 stars in the "100 Best Financial Risk Management Books of All Time" by the BookAuthority (Ref. https://bookauthority.org/author/Vojo-Bubevski). The author translated this book into Macedonian. This significant recognition confirmed that the author's applied methods for Risk Management are approved and acknowledged by the Book Authority. Bernstein stated, "The risk will always be there, so we must explore many interesting tools that can help us to control risks we cannot avoid taking" (Bernstein & Damodaran 1998). The author's Six Sigma DMAIC Methods are one such tool.