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Welcome to the Attra Partners PRINCE2 Free Document Centre

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Copyright © 2009 Attra Partners Limited. All rights reserved.

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PRINCE2® & Six-Sigma for Data Projects
(Release 1.0)

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  it's 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, Attra Partners recommends 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 prohibited

PRINCE2® integrated with Six-Sigma (DMAIC)
(for Reference & Data Quality Projects)

 

PRINCE2

(Processes)

PRINCE2® integrated with Six-Sigma (DMAIC)
(for Reference & Data Quality Projects)

PRINCE2

(Notes)

PRINCE2® integrated with Six-Sigma (DMAIC)
(for Reference & Data Quality Projects)

PRINCE2

(Organization)

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 a Stage 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 occurs.