Indus
Indus
FROM: GROUP 20
TASK: ASSINGMENT 1
Definition:
How it works:
Why it works:
when breaking down a project into smaller bites, teams can see which
tasks depend on others and when to complete them. It’s also
significantly easier to estimate how much time and money to spend on
each task.
Definition:
Scrum is the most common framework within the Agile methodology. It
defines the project goal over a series of short development cycles
known as “sprints.”
How it works:
teams refine the high-level scope through iterations. At the start of the
sprint, teams figure out how many items they can commit to and
create a sprint backlog (a list of the tasks to perform during the sprint).
Why it works:
Definition:
How it works:
Why it works:
a 2020 study found that SAFe improved collaboration with teams and
increased efficiency. Overall, leveraging the power of SAFe allows
companies to make faster decisions, communicate more effectively,
optimize operations, and stay focused on the customer.
4. KANBAN
Definition:
How it works:
To-do
Doing
Done
One popular addition is a ‘Stuck’ column, to show tasks that are in-
progress but not progressing for some reason.
Why it works:
5. GANTT CHARTS
Definition:
Why it works:
6. PERT
Definition:
PERT isn’t just focused on the critical path’s duration, but also the
relationships between project tasks.
How it works:
Optimistic time
Pessimistic time
Most-likely time
Why it works:
This can get pretty detailed so for more information, check out our
guide to PERT.
7. WATERFALL
Definition:
How it works:
teams divide a project into distinct phases, with each new phase
beginning only when competing the previous one.
Why it works:
the distinct phases make project planning simple. It’s also easy to
monitor if the project is on track.
That makes it good for projects that need to commit to a fixed timeline
or budget, such as large infrastructure projects.
QUESTION 2A
QUESTION 2B
TECHNIQUES INVOLVED IN VARIETY REDUCTION
Some of the techniques involved in variety reduction are as follows:
1. Standardisation
Standardisation can be applied in a manufacturing company using
some strategies like product standardisation and Parts and Sub -
assembly Standardisation. In product standardisation it focus on profit
contribution for each model and its reasonably accurate when given
models with small sales or with low profit contribution making them
candidates for deletion from product range, which makes it difficult to
achieve manufacturing facilities requirements hence making it a
favourable time to reduce model variety since the old models are due
for replacement while Parts and Sub -assembly Standardisation , in
this approach a customer is offered a range of products made up from
standardised parts while still enjoying the advantages of product
standardisation, which is lower production cost , resulting largely from
longer runs and simpler control.
2. Classification
In classification parts are used in production are numbered for easy
and unambiguous refence. The numbers can be allocated with or
without significance for example these numbers can be allocated in a
sequential form depending on characteristics like diameter of the
screw drivers. Classification can include the whole production as a
system or restricted, for instance, to parts:
i. By Product
Here the product or contract is coded. For instance, TE5 -23
could indicate that the part is used on an electric typewriter,
models; the number 23 has no classifying significance, being a
sequencing number
ii. By Material
Both the type of material and the form in which it is supplied can
be coded. The first two items in the code PB-C-l72 could indicate
that the material is phosphor bronze, supplied as a casting.
iii. By Shape
The general shape and possibly the size of a leading feature can
be classified. For example, ~ PW15 - 242 could indicate a plain
washer with an outside diameter of between 14 and 15 mm.
4. Modification to Designs
product designs are changed some parts are replaced and others
modified.
The time scale for implementation depends on the reasons for the
change.
Malfunction of the product usually calls for immediate implementation,
but
where the appearance of the product is altered, or its production cost
reduced,
the benefits of an immediate change have to be weighed against the
cost, particularly in terms of unwanted stocks of superseded parts.
QUESTION 2 C
Group technology (GT) is the analysis and comparisons of items to group
them into
families with similar characteristics. GT can be used to develop a hybrid
between pure process layout and pure flow line (product) layout. This
technique is very useful for companies that produce variety of parts in small
batches to enable them to take advantage and economics of flow line layout.
The application of group technology involves two basic steps; first step is to
determine
component families or groups. The second step in applying group technology
is to arrange the plants equipment used to process a particular family of
components. This represents small plants within the plants. The group
technology reduces production planning time for jobs. It reduces the set-up
time Thus group layout is a combination of the product layout and process
layout. It combines the advantages of both layout systems.
Value Analysis (VA) is a systematic method to improve the value of goods or
products and services by using an examination of function. Value, as
defined, is the ratio of function to cost. Improving the function or reducing
the cost can therefore increase value. At the very heart of the VA process
review is a concern to identify and eliminate product and service features
that add no true value to the customer or the product but incur cost to the
process of manufacturing or provision of the service. As such, the VA process
is used to offer a higher performing product or service to the customer at a
minimal cost as opposed to substituting an existing product with an inferior
solution. This basic principle, of offering value at the lowest optimal cost of
production.
The VA approach is therefore formal and systematic because it is directed
towards highlighting and dealing with these ‘recoverable costs’ of
production. The objective is to create value for money as opposed to
creating new products that do not provide customer satisfaction but are
relatively inexpensive.
the development of knowledge about the costs of a product in such a way
that the costs are gradually decomposed to a high level of detail. At this
point, the recoverable losses associated with the current design can be
assessed and targeted for reduction to yield, as a result, the same value but
at a reduced cost base. the current costs are decomposed into those related
to materials and those related to conversion before analyzing, in greater
detail, the materials costs and the opportunities to recover costs through
redesign and the opportunities to recover transformation or conversion
costs. by the customer in the most reliable way and lowest cost.
The Value Analysis approach is therefore the means of maintaining the value
proposition for the customer through periodic reviews that serve to
continuously improve the process of ‘design to marketplace’. In-group
technology layout, the objective is to minimize the sum of the cost of
transportation and the cost of equipment so designing the cells in a way that
the cost of materials handling will be at the absolute minimum. And make
sure cost of equipment would be at the minimum if the equipment is fully
utilized might help in increase of value of products by reducing other costs.
REFERENCE
https://monday.com/blog/project-management/8-project-management-
techniques-every-project-manager-should-know/
https://www.process-and-project.net/studenuterseiten/status-quo-scale-agile-
2020-en/
https://www.shareyouressays.com/knowledge/what-is-the-importance-of-
variety-reduction-materials-management/116375/
https://asana.com/resources/critical-path-method
https://www.xforty.com/value-analysis
https://www.slideshare.net/mustafizulhilmie/chapter-2-plant-location-new
Norton, B. R. and McElligott, W. C., (1995), ‘Value management in
construction: a practical guide’, MacMillan
Gibson, J. F., (1968), ‘Value Analysis: The Rewarding Infection’, Pergamon
Press Limited, Oxford
Cohen L (1995), ‘Quality Function Deployment: How to make QFD work for
you’, Addison Wesley, Reading MA