This is a demonstration of the law of diminishing returns. In present day, in my experience, happens vary frequently in project management.
For those familiar with the lean approach to the work or the Toyota Way, you my already know about the concept of Muda. Muda is one of the three categories associated with lean that impact performance and costs to the organization. Muda is regarded to have seven waste types or areas or actions that cause waste. Over […]
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 […]
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:
LO / OD Application by Shawn P. Quigley and Jon M Quigley We will need to start this discussion with a question: “What have you ever done that did not teach you something?” It is by the nature of any activity especially those that require coordination and preplanning either learning or development occurs. Most commonly […]
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 […]
In Project Management One size does not fit all. Product development and project management can be very complex and complicated with variations and permutations that make a prescriptive approach impossible to produce successful results. That goes for any brand or type of project management. What is important is to have an arsenal of skills, tools […]
Why do we use tools? We use tools to make our lives better. It would not be very fun to hammer a nail into wood with our hand. Imagine the situation if we continued communicate via pony express. Sometimes, when we are not aware a tool exists, we may try to fabricate something. We make […]
We see some company responses to economic downturn are to eliminate staff as if that were the only way to become a viable company once again. We wonder if these companies have some cost improvement methodology behind them that would give their management other options than summarily removal of personnel.