Students of CEED—an Australia-based program that links university engineering students with industry and government companies to complete specific on-site projects as part of their studies—are contributing significantly to the success of manufacturing projects, including those focused on making processes leaner or more productive. During the 2009–2010 financial year alone, CEED students helped 28 companies make combined cost savings of about $1.5 million (Australian). The average CEED manufacturing project during this period provided a return on investment of more than 330 percent for the client.
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The original CEED program was developed by Rowland Cearns in the Department of Communication and Electrical Engineering (from which the acronym CEED was derived) at the Royal Melbourne Institute of Technology (RMIT) and trialed in the department from 1984–1987. It was designed to integrate industry-based training with mainstream undergraduate education to better prepare students for their role in industry.
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At the University of Colorado Center for Business Performance Improvement (http://www.csscu.com), we too have been using students for projects in actual business applications and achieving results, in our case graduate students working in six sigma/experimental design and strategic planning. It is a great way for businesses to see how these powerful tools work, get to meet the best and brightest students, and get the students some real-world experience. In our case, they are mostly working engineers progressing to a Master's degree, so they can bring in a lot of experience in other areas while they see how these tools work in a business.
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