Agile Project Management
Agile project management and how Scrum, Kanban, and Six Sigma techniques fit within Agile project management
The Agile project management approach is a cohesive and iterative method of managing activities within a project (Juricek, 2014). The approach divides the project implementation process into five phases. The first phase is envisioning, which includes identifying the project’s stakeholders and conceptualizing the product. The second phase is speculation. This phase includes setting the project expectations to give the team an idea of what the project should achieve. The third phase is exploration. This phase includes looking at various alternatives available to meet the project’s requirements while maintaining the project scope. The fourth phase is adapting, which includes adapting to the changes and situations within the project life cycle. The final phase is closure. The project team needs to ensure that the project requirements are met before closing the project.
Scrum, Kanban, and Six Sigma complement the agile project management approach. Scrum divides the project into sprints that can be used to monitor the project’s progress throughout the project lifecycle. The Kanban approach matches the work done throughout the project lifecycle to the project team’s capabilities to get things done faster and enable the project team to react to changes within the project implementation. Six Sigma gives the project team a structured framework to resolve problems throughout the project lifecycle.
References
Juricek, J. (2014). Agile project management principles. Lecture Notes on Software Engineering, 172-175. https://doi.org/10.7763/lnse.2014.v2.117a:link {text-decoration: none;}a:visited {text-decoration: none;
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Question 
You are the CFO for a community hospital that is preparing for contract negotiation with its largest nongovernmental payer, which accounts for nearly 30% and growing of all patient-care revenue at the hospital.
Agile Project Management
When they refuse to increase inpatient payment rates in a manner more consistent with Medicare, you must determine how to negotiate a better outcome and what the risk would be to lose them as a payer altogether.
To view the scenario, click the link below this assignment in the Week 4 module. Then return to this assignment to submit your video.
Record and upload a 3- to 4-minute video in which you present the points made during the negotiations, both for the increased payment rates and the potential loss of the payer.
Prepare and use visual aids to demonstrate the points above.