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PRINCE2 and Six-Sigma
 

PRINCE2 and Six-Sigma

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White paper on the use of a perfect blend between PRINCE2 and Six-Sigma

White paper on the use of a perfect blend between PRINCE2 and Six-Sigma

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    PRINCE2 and Six-Sigma PRINCE2 and Six-Sigma Presentation Transcript

    • PRINCE2® & Six-Sigma for Data Projects The training and consultancy team at Attra Partners writes: The recent economic crisis has lead to increasing regulatory focus within banking and finance. Particular focus has been on the accuracy of client and market data which has led many leading financial institutions to establish data quality and governance functions. Industry opinion is that considerable benefits will result in the overall management of data and its deserved treatment as a fundamental asset will finally be recognised. Institutions of all types can no longer afford to haphazardly create and proliferate data within their organizations without appropriate governance. The lessons have been learned - quality data is the fuel of the modern day enterprise. The evolution and establishment of these data quality functions is gradually maturing with the adoption of structured approaches, tools & techniques. With extensive experience in the Data Management domain, Hany Choueiri has developed a high level framework (using PRINCE2 and Six-Sigma) which can be adopted for improved governance of data centric projects. The white paper/high level framework has recently been published with case studies underway. Familiarity with PRINCE2 and Six-Sigma is assumed in the following diagrams. If you have any questions or comments please email sales@attrapartners.com Copyright © 2009 Attra Partners Limited. All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Attra Partners Ltd is prohibitedAttra Partners Limited is an affiliate of Rovsing Management A/S. PRINCE2® is a Registered Trademark of theRovsing Management A/S is an accredited ATO by the APMG on Office of Government Commerce in thebehalf of the OGC (Office of Government Commerce U.K.). United Kingdom and other countries.
    • PRINCE2 PRINCE2® integrated with Six-Sigma (DMAIC) (Processes) (for Reference & Data Quality Projects) One or more One or more Stage #1 Stage #2 Management Stages Management Stages Six-Sigma Six-Sigma Six-Sigma Starting-up a (Measure) Six-Sigma (Improve) (Control) Project Initiation (Analyze) (Improve) Project Stage Measure Execute Data Develop the Pre-project Execute Data Execute Data Mandate Remediation Remediation Remediation Controls Directing DP Give ad-hoc Direction Authorize Project Closure Executive Authorize Authorize the Authorize a Stage Senior Supplier(s) Initiation Project or Exception Plan Senior User(s) ... Managing SU SB SB SB ... CP Project Manager IP CS CS ... CS Delivering Team Manager MP MP ... MP SU – Staring MP – Managing IP – Initiating SB – Stage DP – Directing CS – Controlling CP – Closing PRINCE2 up a Project Product Delivery a Project Boundaries a Project a Stage a Project Six-SigmaAttra Partners Limited is an affiliate of Rovsing Management A/S. PRINCE2® is a Registered Trademark of theRovsing Management A/S is an accredited ATO by the APMG on Office of Government Commerce in thebehalf of the OGC (Office of Government Commerce U.K.). United Kingdom and other countries.
    • PRINCE2 PRINCE2® integrated with Six-Sigma (DMAIC) (Processes) (for Reference & Data Quality Projects) NOTES:  The Six-Sigma Define phase is mapped onto the PRINCE2 Starting-Up a Project (SU) process. The specific activity within SU (not shown in the diagram) being Prepare the Outline Business Case .  The Six-Sigma Measure and Analyze can be executed in Stage 2 of a PRINCE2 project (or split across a number of Stages for very large and complex Data Quality remediation)  The Managing aStage Boundary (SB) at the end of Stage 2 gives the Project board the opportunity to review the status and ensure that accurate analysis has been conducted, and that the ultimate root causes(s) have been identified. Authorization to proceed to the next stage (Stage 3) can be given in the Directing a Project Process (DP) within the Authorize a Stage or Exception Plan PRINCE2 activity.  Stage 3 can implement the Six-Sigma Improve phase, which is the heart of the data remediation and quality improvement. It may also involve typically involve IT system enhancements and process improvements in order to remediate the root cause of the data quality problems. Manual remediation efforts may also involve individuals from the Senior User community to assist with data validation.  Stage 4 can implement the Six-Sigma Control phase which in this model represents the development of the necessary Controls (not their implementation). The execution of the Controls can commence post Project Closure after hand- over to the most relevant operations group (see next note)  During the PRINCE2 Closing a Project Process (CP), product handover is undertaken (via the Hand-Over Products PRINCE2 activity within CP) and should include not only remediated data, but also the Controls developed during the project. These Controls will be executed regularly by the operational groups in order to ensure that the data remediation is permanent and no further data corruption occursAttra Partners Limited is an affiliate of Rovsing Management A/S. PRINCE2® is a Registered Trademark of theRovsing Management A/S is an accredited ATO by the APMG on Office of Government Commerce in thebehalf of the OGC (Office of Government Commerce U.K.). United Kingdom and other countries.
    • PRINCE2 (Organization) PRINCE2® integrated with Six-Sigma (DMAIC) (for Reference & Data Quality Projects) Corporate or programme management Project Board Senior User(s) Senior Supplier(s) Executive Data Quality Stream Lead Business Function Head IT Lead (Head of Data Quality) Asset Class Owner Offshore Lead 2 1 Business, User & Supplier Change Authority Project Assurance 3 Project Manager Project Support Team Manager(s) 4 Team members Typical User Assurance responsibilities can reside with a PRINCE2 qualification and a good appreciation of the 1 RTB/BAU (business as usual) reporting function 3 Six-Sigma philosophy are paramount. In cases where a partially offshore/onshore model is 4 Team Members typically consist of strong Data Analysts. 2 adopted, board representation by a senior offshore lead is Some Data Modelling expertise may also be beneficial to desirable help identify weaknesses in the current data landscapeAttra Partners Limited is an affiliate of Rovsing Management A/S. PRINCE2® is a Registered Trademark of theRovsing Management A/S is an accredited ATO by the APMG on Office of Government Commerce in thebehalf of the OGC (Office of Government Commerce U.K.). United Kingdom and other countries.