Managing by the Numbers
As noted earlier, Six Sigma calls management by the numbers "data-driven decision making." This project management tool has at its core an array of mechanisms for gathering and categorizing data. Budget control in Hollywood is almost a paint-by-numbers activity. The tracking and reporting mechanisms are well set into place. Tools like Six Sigma use the same approach, and IT projects will be well served by use of a similar approach. The following six tips can be used by the project manager to move the IT shop toward a position in which a key ingredient to effective budget management becomes a matter of data collection and analysis.
Leverage executive and stakeholder commitment. Budget management that is driven by a dependable ...
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