ITIL & DevOps – Compete or Complement?

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Availability of frameworks and best practices are here to help businesses and not confuse them over what to choose. Some of the common myths include “ITIL is too much of processes”, “DevOps is a separate team in the company”. But the reality is that we get overwhelmed with...

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PRINCE2, ITIL or PMP: Which Certification is Right for You?

What do the qualifications stand for? PRINCE2® stands for PRojects IN Controlled Environments. ITIL® stands for Information Technology Infrastructure Library®. PMP® is the acronym for Project Management Professional. Who owns PRINCE2, ITIL and PMP? AXELOS now owns the intellectual property of the whole Best Management Practice portfolio including...

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The Six Sigma Renaissance? What the Future Holds for Six Sigma in Financial Services

Process standardization and quality improvement had been neglected in the financial service industry for decades. When the manufacturing industry needed to become more efficient and reduce waste, the financial service industry was flourishing and therefore, found itself not in need for major improvement initiatives. When this situation changed,...

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Designing Financial Services with DMEDI

As banking operations and check processing enters the 21st Century, so too the ways financial institutions design processes enters a new age. Long gone are the days of trial-and-error in bringing new products, services or technologies to market. Companies need to be able to implement solutions effectively –...

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Types Of Project Management Methodologies

Standardization of a project is not possible as the different project has different requirements and processes. However, the process of project management can be standardized by using some of the pre-defined project methodologies. There are several project management methodology that are prevalent for managing projects like ◉ Waterfall Model:...

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Project Risk Analysis & Management

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Proper risk management is control of possible future events that may have a negative effect on the overall project. It is more of pro-active then reactive process. What is Risk Analysis in Project Management? Risk Analysis is the sequence of processes of risk management planning, analysis of risks,...

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DFSS Study: Develop Software to Track Drug Side Effects

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Integrating Design for Six Sigma (DFSS), IDOV (identify, design, optimize, validate) roadmap and selected DFSS tools in the information technology (IT) system development methodology can strengthen the business focus of IT system delivery. Adding additional steps at the beginning and end of the traditional system development cycle for...

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PRINCE2 Project Methodology

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Introduction Effective project management is essential in absolutely any organization, regardless of the nature of the business and the scale of the organization. From choosing a project to right through to the end, it is important that the project is carefully and closely managed. This is essentially the...

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Promises of Brand Strategy and Design for Six Sigma

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“99.44 percent pure” “It takes a licking and keeps on ticking” “When it absolutely, positively has to be there overnight” “The ultimate driving machine” “We bring good things to life” For recent generations of Americans, the slogans above have become synonymous with the high-profile brands they represent. But...

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Mobilizing a Business for Turning Strategy into Action

Developing a strategy is critical for any organization, and equally important is having a mechanism to translate that strategy into action. However, given the complexities of the European market, there is a special need for a business implementing its strategy to allow its local business unit leaders to...

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