WHAT IS PRINCE 2 AND SIX SIGMA?

What is PRINCE2 and Six Sigma? Six Sigma does not allow for the execution and completion of big IT projects, whereas PRINCE2 is a project management methodology. In addition, six Sigma focus on Lean Process Improvement, whereas PRINCE2 focuses on Waterfall/Sequential Project Management.

The Evolution of Six Sigma and PRINCE2 Over Time

Six Sigma has a long history that extends back to the late 1980s. Unfortunately, even after a successful execution at Motorola, it failed to catch on with the general public. In 1995, when Jack Welch implemented Six Sigma at General Electric, it became widely known.

Six Sigma techniques have undergone numerous revisions since then. However, even today, six Sigma is relevant in holistic quality management processes, with so many new project management certifications accessible.

PRINCE2 is a prominent management tool in the United Kingdom. PRINCE2 has helped the IT industry, R&D, Production, and Education sectors improve their project management systems. In addition, it aids in the administration of high-level management and control processes.

When the UK government wanted solutions to projects’ frequent challenges, this de facto project management standard was born. PRINCE2 has been revised many times throughout the years, the most recent being in 2017.

What is PRINCE2 and Six Sigma ?

-What makes the difference?

PRINCE2 lays out the process for running the problem, whereas Lean Six Sigma is a six sigma certification that deals with how to solve the problem.

Six Sigma does not allow for the execution and completion of a large IT project to deliver on time, on budget, and within scope, but PRINCE2 is a project management process that assures a project provision within the company’s time frame.

Six Sigma refers to a set of approaches that aid in determining how well company processes are doing, what isn’t working (i.e. where waste occurs in the process life cycle), and how to correct the problem to ensure minimal waste.

On the other side, techniques such as PRINCE2 provide a framework for project delivery management. The definition is so that they clearly state what has to be in place for the project to succeed.

Prince 2 focuses on Waterfall/Sequential Project Management, whereas Six Sigma focuses on Lean Process Improvement.

WHAT IS PRINCE 2 AND SIX SIGMA-

DMAIC and DMADV are two Six Sigma methods.

You can use the DMAIC for existing projects:

1. Identify the problem here, and the purpose is to eliminate it.
2. The relevant data is collected, measured against the problem, and analysed.
3. The Five WHYs, the Pareto Chart, the Fishbone Diagram, and use other techniques to determine the root cause of the problem.

The next stage is to put improvement and control mechanisms in place so that the issues do not recur.

PRINCE2 Methodology focuses on structuring and directing the project throughout its lifecycle.

Plan out the projects here, and specify objectives throughout the project’s lifecycle. It operates on the following seven principles:

WHAT IS PRINCE 2 AND SIX SIGMA

The project’s business goal must be evident.

Each stage should be analysed and learned from by the project team.

Each team member is aware of their obligations and roles.

For all Phases or Stages of the project, assign team members to work.

The project manager makes decisions. Higher management is only involved in a few critical circumstances.

The process should be quality-driven.

Each project’s process evolves in response to changing requirements.

WHAT IS PRINCE 2 AND SIX SIGMA?

WHAT IS PRINCE 2 AND SIX SIGMA

PRINCE2 qualification exam vs Six Sigma Belts

A Six Sigma certified individual is an excellent addition to a company since they can increase the overall quality of processes. Different rankings usage is to determine the level of Six Sigma expertise:

Belt in white: No formal training required for novices

Six Sigma Yellow Belt: Those who have completed a few days of training and know more than a white belt holder are capable of directing minor projects and aiding black belts on larger ones.

Six Sigma Green Belt: You are eligible for a Green belt if you have completed a comprehensive training session and have years of experience managing Six Sigma projects. A green belt holder is capable of leading a project on its own.

Six Sigma Black Belt: Depending on your degree of skill, you can achieve a black belt, master belt, or champion certification if you meet the Green belt requirements and gain more experience managing projects and applying Six Sigma principles.

PRINCE2 Foundation and PRINCE2 Practitioner are the two levels of qualification for becoming a PRINCE2 professional:

PRINCE2 Foundation level: You will be exposed to PRINCE2 concepts and practices so that you may understand how to make your projects more consistent. This exam will also assist you in finishing projects on schedule and budget.

PRINCE2 Practitioner level: step up from the foundation level and teaches you how to adapt PRINCE2 to the requirements of a project.

What is PRINCE2 and Six Sigma?

Conclusion

Both Six Sigma and PRINCE2 work to improve the organisational structure to complete projects on time and fewer problems.

Six Sigma is a sequential and iterative approach, whereas PRINCE2 is more akin to a waterfall management style.

You must select between the two options while keeping your project objectives in mind. You must first identify your purposes to make the best decisions with either tool.Axelox is institute offering PRINCE2 in UK.PRINCE2 Certification Cost in Nigeria.

JK Michaels institute also offers other products and courses, including PRINCE2 CERTIFICATION, PRINCE2 PRACTITIONER COURSE, and PRINCE2 FOUNDATION COURSE.

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