Toc summary 8.7.2011
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Theory of Constraints (TOC) is a systemic approach to improvement that identifies inaccurate underlying assumptions and implements simple solutions. Some common inaccurate assumptions include that everyone must always be busy, buying in bulk is cheaper, and estimates are imprecise. TOC seeks to identify the underlying constraint causing negative effects, implement a common-sense solution, and change rules accordingly. It provides principles for production, distribution, project management, and conflict resolution by addressing inaccurate assumptions and behaviors resulting from them.
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TOC - Generic Problem
Theory of Constraints (TOC) is a systemic approach to improvement that identifies inaccurate underlying assumptions and implements simple solutions. Some common inaccurate assumptions include that everyone must always be busy, buying in bulk is cheaper, and estimates are imprecise. These assumptions lead to behaviors like overproduction, excess inventory, delayed projects, and addressing conflicts through negative means. TOC seeks to identify the underlying conflicting constraint, implement a simple solution to break the conflict, and change rules to conform to the new environment created by the solution.
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However what actually happens is …
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Collaborating is important — especially on requirements and tests. But it’s difficult to collaborate when working with requirements and testing documents in Microsoft Office.
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The document discusses common causes and modes of project failure based on examples from large IT projects. It identifies risks like unrealistic schedules, scope that is too broad, lack of user involvement, and loss of expertise over long timeframes. The document recommends dividing large projects into smaller units, having high-level program management, and using a common project management method throughout organizations to help avoid and detect failures earlier.
Bldg accnt relation
1. The document discusses strategies for building strong account relationships with customers, including reducing supplier counts, performing value analysis to lower total costs, and establishing different stages of relationships from awareness to commitment.
2. It also provides tips for pricing flexibility depending on market conditions, questions to consider for business expansion, benefits of just-in-time philosophies, and warning signs for the dissolution stage of a relationship.
3. Building trust is emphasized as an important relationship enhancer through demonstrating competence, dependability, customer focus, and honesty.
Theory of constraints
The Theory of Constraints (TOC) is a management philosophy that identifies the constraints limiting an organization from achieving its goals and focuses on restructuring processes to better exploit constraints. The key steps are to identify the system's constraints, decide how to best exploit each constraint to maximize throughput or productivity, and subordinate all other decisions and processes to supporting the constraint. TOC uses linear programming to determine the optimal product mix and production levels given capacity constraints. The goal is to keep constraints fully utilized to maximize profits in the short-term.
What is agile and how does it differ from the traditional waterfall method ...
What is agile and how does it differ from the traditional waterfall method ...IFCLA - International Federation of Computer Law Associations
The document discusses different approaches to software development contracts. It argues that traditional fixed-price contracts often lead to wasted effort from overly optimistic bids or excessive scope definition. Time and materials contracts put the customer at risk without proper controls. The document advocates for lean, progressive contracts that start with time and materials to establish trust, then move to fixed-price stages with continually negotiable scope beyond each stage. This allows risk to be borne appropriately and the relationship, rather than excessive controls, to limit opportunism for faster and better results.Ch13 - Organisation theory design and change gareth jones
The document discusses how innovation, intrapreneurship, and creativity are related. It describes the different types of innovation and technological change. It also outlines the steps involved in managing the innovation process, including using cross-functional teams, quantitative modeling like PERT/CPM charts, and stage-gate development funnels. The role of information technology in fostering innovation through information efficiencies and synergies is also covered.
the goal-finaliiii vr.
The document summarizes the key ideas from the novel "The Goal" by Eliyahu Goldratt. It discusses how the main character, Alex Rogo, applies various management strategies like the Theory of Constraints, Socratic Method, and Evaporating Cloud thinking to improve production processes at his manufacturing plant. These strategies help Alex identify and address bottlenecks, increase throughput, and solve problems in new innovative ways. The document also explains how these same strategies can be applied to personal life issues, using Alex as an example of how he worked to improve his marriage by better communicating with his wife. It concludes by emphasizing that ongoing process improvement is important for both business and personal success.
Bogdan Onyshchenko: Як стати кращим Продакт Менеджером? 11 порад з особистого...
This document provides 11 tips for becoming a better product manager from personal experience. The tips include starting to say "no" to focus efforts, having a single product backlog as the source of truth, managing stakeholders effectively through grouping, being aware of company politics, being involved in many areas of product development, making decisions based on data and empirical evidence, delaying releases if work is unfinished, planning one's own agenda, focusing on the product success over personal success, and committing to continuous learning from mistakes.
Project Profitability
Plan the profit and focus all activities to achieve it. Success criteria for project management includes quality, time, and price. To manage risk, agree to a good contract, be disciplined by focusing on core activities and building strong relationships. If a project fails, communicate timely and work to resolve issues while protecting the business.
Lean production
Lean production is an integrated approach that aims to eliminate waste. It includes techniques like just-in-time production and cell production. The goal is to receive goods and materials only as needed to maximize efficiency. Traditional production tends to overproduce and rely on large inventories while lean production focuses on minimizing waste and batch sizes. Key aspects of lean include continuous improvement, reducing set-up times, and eliminating bottlenecks and unnecessary processes.
Lean Software Development
Lean software development aims to eliminate waste from the software development process by applying principles from lean manufacturing. The key principles of lean thinking include eliminating waste, increasing feedback, delaying commitment, delivering fast, empowering teams, building integrity in, and seeing the whole system rather than optimizing parts. Applying these principles, such as integrating work daily and weekly to increase feedback, keeping options open as long as possible, and empowering teams, can help software development become more efficient and responsive to customers.
Fixing the Problems in Your Operations Problem-Solving Methods
This document discusses problem solving methods for process manufacturers. It introduces a webinar on problem solving featuring two speakers: David Hicks, Vice President and Maintenance Excellence Practice Leader, and Tim Nickerson, Client Manager and Management System SME. The webinar will cover ensuring quality and compliance, maximizing throughput and yield, and optimizing labor and productivity using problem solving tools and the DMAIC methodology.
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Harmony/ESW is an agile model-based development process that emphasizes:
1) Frequent modeling, code generation, debugging, and testing in short cycles to continuously validate software functionality.
2) Requirements-driven and architecture-centric development optimized for real-time and embedded systems.
3) Dynamic planning that frequently updates schedules based on new information to adapt to changes.
Procurement ManagementImportance of Project Procurem
Procurement Management
Importance of Project Procurement Management
Procurement means acquiring goods and/or services from an outside source
Other terms include purchasing and outsourcing
Debates on Outsourcing
Some companies, such as Wal-Mart, prefer to do no outsourcing at all, while others do a lot of outsourcing.
GM recently announced plans to switch from outsourcing 90% of IT service to only 10%
Most organizations do some form of outsourcing to meet their IT needs and spend most money within their own country
Why Outsource?
To access skills and technologies
To reduce both fixed and recurrent costs
To allow the client organization to focus on its core business
To provide flexibility
To increase accountability
PM Network – Risks of Outsourcing
Boeing’s Dreamliner
Following suit and not minding risks
Vendor Issues
Misunderstanding
Information Exchange
Schedule Overruns
PM Network – The More the Merrier
More providers, more problems
Differing methodologies and tools
Service and Operating Level Agreements
Find a balance that works for the organization
Contracts
A contract is a mutually binding agreement that obligates the seller to provide the specified products or services and obligates the buyer to pay for them
Contracts can clarify responsibilities and sharpen focus on key deliverables of a project
Because contracts are legally binding, there is more accountability for delivering the work as stated in the contract
Project Procurement Management Processes
Project procurement management: Acquiring goods and services for a project from outside the performing organization
Processes include:
Planning procurement management
Conducting procurements
Controlling procurements
Closing procurements
Planning Procurement Management
Identifying which project needs can best be met by using products or services outside the organization
Types of Contracts:
Fixed Price (or lump sum)
Cost Reimbursable
Time and Material
Unit Price
Point of Total Assumption
The Point of Total Assumption (PTA) is the cost at which the contractor assumes total responsibility for each additional dollar of contract cost
Contractors do not want to reach the point of total assumption, because it hurts them financially, so they have an incentive to prevent cost overruns
The PTA is calculated with the following formula:
PTA = (ceiling price – target price)/government share + target cost
Cost Reimbursable Contracts
Cost plus incentive fee (CPIF
Cost plus fixed fee (CPFF)
Cost plus percentage of costs (CPPC)
Contract Clauses
Contracts should include specific clauses to take into account issues unique to the project
Can require various educational or work experience for different pay rights
Often includes:
Termination clause
Limitation of liability clause
Tools and Techniques for Planning Purchases and Acquisitions
Expert judgment
Market research
Make-or-buy analysis: General management technique ...
High Value Manufacturing | 5 Alternate Strategies to Explore
This document discusses alternatives to lean manufacturing for companies seeking to differentiate themselves and remain competitive. It outlines five alternate strategies that top manufacturers employ: 1) Partnerships based on information sharing with suppliers, 2) Offering supplementary services, 3) Faster innovation cycles through collaboration, 4) Production flexibility, and 5) Local sourcing. While lean manufacturing provides benefits, these strategies can deliver added value that customers will pay a premium for. Following one or more of these approaches can help manufacturers stay ahead of competitors relying solely on cost efficiencies.
High value manufacturing
This document discusses alternatives to lean manufacturing for companies seeking to differentiate themselves and remain competitive. It outlines five alternate strategies that top manufacturers employ: 1) Partnerships based on information sharing with suppliers, 2) Offering supplementary services, 3) Faster innovation cycles through collaboration, 4) Production flexibility, and 5) Local sourcing. While lean manufacturing provides benefits, these strategies can deliver added value that customers will pay a premium for. Implementing them requires close collaboration between manufacturers and suppliers.
Staying demand driven 1
This document summarizes key points from an article that challenges common assumptions about supply chain metrics and operational success. It makes the following key points:
1. Minimizing unit cost is often assumed to maximize ROI, but this "deep truth" is actually false and can impede organizational effectiveness.
2. True operational success depends more on maximizing the speed and smoothness of material and information flows throughout the supply chain.
3. Common metrics like unit cost calculations are inappropriate for decision making because they do not capture the complex, nonlinear behavior of supply chain systems.
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Analyzing Project Failure Modes: Lessons learnt from the field
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Toc summary 8.7.2011
- 1. Theory of Constraints A systemic approach to improvement