Project Portfolio Management and Six Sigma Projects

Six Sigma projects are derived from organizational5. Solve the problems
strategy, in the same way that organizational6. Validate the results or solutions
strategy drives the selection of all projects andIf the project requires the greater rigor of Six Sigma,
programs in an organization's Portfolio. So, how doit will likely be best served by one of 2 main
the business drivers that are at work result in somemethodologies that are Six Sigma specific:
projects being Six Sigma projects, and others not?1. Design for Six Sigma (DFSS) - Processes that are
Six Sigma projects are strategy-driven, in the samecompliant with Six Sigma methods and metrics are
way that the portfolio is driven by organizationalcreated within the project.
strategy. So, how do the business drivers that are at2. DMAIC - The
work result in some projects being Six SigmaDefine-Measure-Analyze-Improve-Control method is
projects, and others not?the 5 step Six Sigma process improvement
Business Drivers and Project Selectionmethodology.
Business drivers are the starting point for any projectThe Identification of Metrics
selection process because of their close relationshipIdentifying the key driving metrics within the
to organization strategy. Business drivers form theorganization is the key to success in identifying
foundation for strategy. Strategy forms the basis forstrong candidates for Six Sigma projects. One of the
organizational goals. The goals can be translated intomost popular systems of organizational metrics today
specific metrics for purposes of establishingis the Balanced Scorecard. In the Balanced Scorecard,
benchmarks. The result of all of this is a set ofthe management system that generates the metrics
initiatives wrapped up in a portfolio of projects andis aligned with the company's strategy and goals.
programs. The type of metrics determines theMetrics are developed based not only on the financial
project methodology, such as Six Sigma.perspective, but on 4 different perspectives for
3 Types of Metricsmeasuring organizational effectiveness:
There are 3 types of metrics that influence project1. Financial performance - traditional way of measuring
type or approach.performance within a business
1. Business Metrics - typically measure financial2. Customer-centric view - measures alignment with
performance aspectscustomer needs, such as customer retention,
2. Operations metrics - measure various aspects ofsatisfaction, loyalty, complaints, and related measures
the operations for the enterprise at a macro level3. Internal business processes - these relate to
3. Process Metrics - provide detailed informationoperational aspects such as throughput, work in
about the processes being employed in the day toprogress, and project management effectiveness
day operations4. Learning and growth - relates to metrics around
All 3 of these metrics support and relate closely tothe concept of knowledge workers continuously
one another, and ultimately to the organizationallearning, expanding competency in the right areas,
strategy. But Six Sigma supports the detailed processand knowledge sharing and collaboration
level activities, which are present throughout mostWhether by accessing Balanced Scorecard
functions within the organization. Thus any projectsinformation or identifying some other source within
that will ultimately be measured by process metricsthe organization, it is critical to access definitive
are candidates for Six Sigma projects.information on the organization's key metrics.
Once a project is a candidate for a Six SigmaPrioritization of Six Sigma Projects
project, it needs to be determined if the project willThe assumption is that at this point, it has been
be best served by a more "classical" approach toconcluded that a certain project lends itself to the Six
process improvement, or if the best path is a pureSigma approach. There are a number of positive and
Six Sigma approach. The classical approach would gonegative factors that need to be considered in
something like this:prioritization. Aside from alignment with strategy,
1. Ientify the problems to be solvedconsideration must be made for urgency, size relative
2. Define the problems clearlyto resources, significance to the organization, impact,
3. Investigate the defined problemsrisk, ease of application or implementation, and
4. Analyze the problemsdegree of resistance within the organization.