Value stream mapping and earned value management : two perspectives on value in product development
Name
65170258-MIT.pdf
Description
Full printable version
Size
16.8 MB
Format
Adobe PDF
Checksum (MD5)
64232e4fd71059b99a13e12a288d214b
Author(s)
Whitaker, Ryan Brent
Advisor(s)
Warren Seering.
Date Issued
2005
Publisher
Massachusetts Institute of Technology
Abstract
The concepts of value and value stream are crucial to the philosophy of Lean, and a better understanding of how these concepts relate to product development (PD) is essential for the creation of a Lean PD strategy. This thesis focuses on value by looking at PD processes through two different value perspectives: Product Development Value Stream Mapping and Earned Value Management. Product Development Value Stream Maps (PDVSMs) were created for two different PD projects, and the tasks from the maps were analyzed for how they each create value. The official value measurement for the two projects, Earned Value Management System data, was analyzed and compared to the PDVSMs. This comparison of the two value perspectives proved valuable, as it showed that despite some misalignments, they are congruent. The comparison also highlighted several flaws in EVMS. Finally, a combined EVMS/PDVSM hybrid management tool is proposed and discussed.
Description
Thesis (S.M.)--Massachusetts Institute of Technology, Engineering Systems Division, 2005.
Includes bibliographical references (p. 151-152).
Subjects
Engineering Systems Division.
MIT Department
Massachusetts Institute of Technology. Engineering Systems Division
Terms of Use
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