Among all the deterministic CholeskyQR-type algorithms, Shifted CholeskyQR3 is specifically designed to address the QR factorization of ill-conditioned matrices. This algorithm introduces a shift parameter $s$ to prevent failure during the initial Cholesky factorization step, making the choice of this parameter critical for the algorithm's effectiveness. Our goal is to identify a smaller $s$ compared to the traditional selection based on $\norm{X}_{2}$. In this research, we propose a new matrix norm called the $g$-norm, which is based on the column properties of $X$. This norm allows us to obtain a reduced shift parameter $s$ for the Shifted CholeskyQR3 algorithm, thereby improving the sufficient condition of $\kappa_{2}(X)$ for this method. We provide rigorous proofs of orthogonality and residuals for the improved algorithm using our proposed $s$. Numerical experiments confirm the enhanced numerical stability of orthogonality and residuals with the reduced $s$. We find that Shifted CholeskyQR3 can effectively handle ill-conditioned $X$ with a larger $\kappa_{2}(X)$ when using our reduced $s$ compared to the original $s$. Furthermore, we compare CPU times with other algorithms to assess performance improvements.

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