Brainstorming and Cost Improvement The brainstorming technique is attributed to Alex Faickney Osborne as explained in his 1953 book, Applied Imagination. The technique arose from frustration with the inability of employees to develop creative solutions for problems. Personal experience suggests this is a valuable tool when deployed appropriately and the guidelines are followed. If we […]
Archive for the
‘Cost Management’ Category
To really find the areas for cost improvement we must let go of our mental impediments to uncovering these opportunities. It is very probable that there are plenty of cost improvement possibilities. However, in our daily work execution we may not find the time to free our minds to consider these possibilities. A brainstorming exercise can go far to fuel the imagination, to open a “space” to think laterally at what may be possible. We have successfully employed this technique to:
A company is deciding to undertake product development project, there is a consideration that amounts to a type of bet.
Recently, I was in a conversation with a project manager whose organization had just made a radical alteration to their manner of handling work breakdown structure. There is a connection between the work breakdown structure and the financial tracking for the project. Ideally, there is an immediate connection between the WBS and the expenditures for […]
by: Shawn P. Quigley Whereas we have discussed some of the possible flaws in measurements we can all still agree that they are needed to provide both improvement in processes and the organization. However, other aspects of obtaining data for the production of quantifiable information: trend analysis and process evaluation, is the human factor both […]
In the development phase of the product development life cycle, we are generating ideas for the product. We see opportunities in the market place and wish to explore if we can capitalize (not a vulgar word) upon these opportunities. Perhaps a new technology has become available to us. Our organization will want to investigate the […]
Onboarding Defined First, we should probably explain or define onboarding. Onboarding is the collection of activities associated with our present staff socializing and training our newly acquired talent. The older employees take time out of their day to demonstrate behaviors and pass on specific knowledge and skills. Onboarding New Hires Recently a person that I […]
Below is an excerpt from our book Pries, K., & Quigley, J. (2013). Classical Techniques. In Reducing process costs with lean, six sigma, and value engineering techniques (pp. 135-138). Boca Raton, FL: CRC Press. This is the second part, part one is located here. Miles also identified the concept of basic and secondary functions. Basic functions are the […]
Below is an excerpt from our book Pries, K., & Quigley, J. (2013). Classical Techniques. In Reducing process costs with lean, six sigma, and value engineering techniques (pp. 133-135). Boca Raton, FL: CRC Press. FAST Introduction FAST is an acronym for functional analysis system technique. FAST allows us to reduce ambiguity in the definition of a functional product […]
Value Transformation training areas from cradle to grave, a product and project management. We offer training and consulting on the many challenges that come with developing products and complex systems.