Archive for August, 2007
Triple Constraint
Thursday, August 30th, 2007Projects have always been defined “successful” if they were on time and within budget. However, there are other requirements that define success in a project. Were the goals defined in the project met as stated in the scope? Was the customer satisfied with the end product? Was the proper team and relationships used in the [...]
Lean thinking
Friday, August 10th, 2007Lean Thinking gives us five principles in which to reduce order to delivery times. With this process, businesses strive to have products made to order and reduce storage. These five principles are value, the value stream, flow, pull, and perfection. This book tries to guide the reader in their change process from a batch and [...]
E-Business
Friday, August 10th, 2007The Internet has changed the way business does business. The speed of transaction in e-Business has increased while reducing some of the business processes. As more companies proceed into electronic commerce, more laws and regulations will be pushed to control what business does. If businesses can regulate themselves and adhere [...]
Operation Management and Ethics
Friday, August 10th, 2007Operation management is defined as the design, operation, and improvement of the systems that create and deliver the firm’s primary products and services (Chase, Jacobs, and Aquilano 6). At first, I did not really understand what this meant so I looked up the words in the dictionary. Design is to plan the form and structure [...]