Journal
IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT
Volume 49, Issue 4, Pages 443-458Publisher
IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
DOI: 10.1109/TEM.2002.806710
Keywords
lean; performance measurement; product development; project management; risk management; systems engineering; value stream
Categories
Ask authors/readers for more resources
Many firms expend a great amount of effort to increase the customer value of their product development (PD) processes. Yet, in PD, determining how and when value is added is problematic. The goal of a PD process is to produce a product recipe that satisfies requirements. Design work is done both to specify the recipe in increasing detail and to verify that it does in fact conform to requirements. As design work proceeds, certainty increases surrounding the ability of the evolving product design (including its production process) to be the final product recipe (i.e., technical performance risk decreases). The goal of this paper is to advance the theory and practice of evaluating progress and added customer value in PD. The paper proposes that making progress and adding customer value in PD equate with producing useful information that reduces performance risk. The paper also contributes a. methodology-the risk value method-that integrates current approaches such as technical performance measure tracking charts and risk reduction. profiles. The methods are demonstrated with an industrial example of an uninhabited combat aerial vehicle.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available