Lecture 7- Lean shipbuilding

Question 1

What is Earned value management (EVM)?

Answer 1

Is a project performance measurement system used to track how well a project is going in terms of cost, schedule and progress.

EVM uses three measurments
- planned value
- earned value
- actual cost

Question 2

Tell me the purpose of Earned value management (EVM)

Answer 2

To compare
- What was planned
- what has been done
- How much it has cost

Question 3

Name the three key metrics in Earned value management (EVM)

Answer 3

1. Planned value- budget cost of work
2. Earned value- Budget cost for the work performed
3. Actual cost- What has it cost?

Question 4

What is Lean project planning (LPP)

Answer 4

management model that is developed in a shipyard to improve planning by combining

-Lean thinking- For example PDCA

-Last planner system

-Earned value management
Purpose= Improve communication, coordination and standardization

Question 5

What is the 7C´s model?

Answer 5

Is a lean implementation framework used on Lean Production Planning (LPP) in very complex environments like shipbuilding.

The C´s are
-Champion- A top- level leader who drives lean implementation

-Control- visual tools and systems to track performance

-Compensation- Incentives tied to team and individual performance

-Change process- strategy for transforming the organization

-Commitment- engaging all levels in continuous improvements

-Continuous education- Ongoing learning and training

-Culture- The values, beliefs and behaviors shared in the organization