August 27th, 2020 in Productivity
When looking for the right project management method, there are many things to consider. What does the method entail? Will it work with the scope of the project? How do you implement the method? Many methods relate to Agile, which was reviewed previously. In this article, learn about whether Event Chain Method (ECM), Extreme Project Management (XPM), or Six Sigma would work for you and your team.
How does ECM relate to critical path method and critical chain project management? What is the difference between XPM and traditional project management? Lastly, what exactly are “belts” in Six Sigma?
ECM focuses on identifying and managing events and the relationships between them, which are known as event chains, that impact project schedules. It is the next step after critical path method and critical chain project management.
According to Knowledge Hut, ECM “helps to mitigate the effects of motivational and cognitive biases in estimating and scheduling.” By doing so, ECM helps improve the accuracy of risk assessment and helps generate more realistic risk that is adjusted to the project schedules.
ECM focuses on six main principles:
How to Implement:
When to Use it: Use ECM in projects that require a chain of events and a risk analysis. ECM is used to simplify the process of defining risks and uncertainties in project schedules.
XPM is a part of the Agile project management method family. The focus of XMP is managing project stakeholders and human interactions. The success of XMP hinges on the team’s ability to communicate well and develop a complete understanding. XMP is fast-paced and allows teams to work within a shorter time frame. It is related to Extreme Programming.
While traditional project management focuses on managing the known with a process-driven efficiency, XPM manages the unknown while focusing on effectiveness and being people- and result-driven. XPM is self-correcting, chaotic, and ever changing while traditional management is stable, predictable, and seeks to achieve the planned result. XPM is all about leading, while traditional management is about managing.
For XPM to work effectively, the team must accept specific mindsets, such as: requirements and project activities are unpredictable and constantly changing; flexibility and openness creates a secure, comfortable, and relaxed environment; change is inevitable and requires adaptation; full control of a project is not possible.
When to Use it: XPM works best in development environments, such as the technology sector, where the project requirements are constantly changing. It is an iterative and incremental development and management method. It is useful when the scope, time, and costs of a project cannot be fully prepared upfront.
Six Sigma is a measurement-based strategy with the aim of improving the manufacturing process and increasing customer satisfaction. Within Six Sigma, there are five rankings, otherwise known as “martial arts belts”, which recognizes one’s proficiency in training and application of the Six Sigma processes. The belts are as follows: white, yellow, green, black, and master black.
The white belt level focuses on the DMAIC model. DMAIC stands for:
There are also seven basic quality tools: cause and effect diagram, flow chart, pareto chart, histogram, check sheet, scatter plot, and control chart.
When to Use it: Six Sigma is primarily used in the manufacturing process. It can also be used in all industries where the goal is to produce a process that meets customer requirements, improves customer retention, and improves and sustains the business’s products and services.
Knowledge Hut. Event Chain Methodology.
Knowledge Hut. Extreme Project Management.
Grey Campus. DMAIC – A Six Sigma Process Improvement Methodology.