MBA 745 - Module 2 || 100% Correct.
identify, establish, score, high, low correct answers Top 3 steps to selecting an appropriate lean
project:
1 ____ desirable characteristics which promote success and positive outcomes
2 ____ a scoring technique which quantifies each characteristic
3 ____ possible projects to determine their viability
--___ scoring projects become candidates for action
--___ scoring projects are dropped or refined to improve their score
criteria correct answers The goal of selecting an appropriate lean project is to establish ____
which identifies the best projects for your lean transformation.
relative correct answers All possible projects have characteristics which point to their ___ value
to an organization and to the probabilities of success.
characteristics, new, alignment, value, resources correct answers Too many projects get
approved for all the wrong reasons. Its important to identify the desirable ___ which will be used
to systematically approve ___ projects. These can vary by organization, but will often include the
following:
1
2
3
project characteristic correct answers ____ an important aspect of the project which helps the
team determine if this idea is a great fit for lean.
alignment, strategic initiatives, scope, lean toolbox correct answers ____ a scorecard should
examine how the project supports organizational strategy and methodologies. This will involve
knowing
1
2
3
3, 5, starting correct answers Ideally, leadership has identified __ to __ strategic initiatives (used
to evaluate the viability of any project) which have been designed to achieve your organization's
vision and mission. They should be the ___ point for a vast majority of projects funded by the
organization. If these haven't been chosen, they need an alternative approach by setting up a
meeting.
scope, 3, 6 correct answers Beyond supporting a strategic initiative, a great project will have a
reasonable ___. Something which can be accomplished in ___ to ___ months will generally have
a higher chance of success.
,methodology, value stream, changeover, 5S correct answers One last alignment characteristic,
for a lean project is knowing if the lean toolbox has a ____ which is appropriate for the potential
project.
Ex-
___ mapping
___ reduction
___ system
not correct answers LEAN is ___ for every project.
strategic initiative, scope, time, methodology correct answers You will be able to score any
possible project, in terms of strategic alignment, by evaluating:
1 Does the project support a ___
2 What is the ___ in terms of estimated ___ to completion
3 Can a standard ___, from the lean toolbox be used?
value correct answers Specify ___ is lean principle number 1. It should be front and center when
evaluating any potential project.
customer, stakeholder, amount of waste, return on investment correct answers A project
scorecard will often seek an understanding of:
1 ___ value
2 ___ value
3 ___
4 ___
customers correct answers The first situation is bringing value to ___. Will they pay more, buy
more, after the project is complete?
stakeholders correct answers Afterward providing value to customers, a great project will
provide value to ____.
1 Lower costs in another department when defects are reduced.
2 Improved quality of work life when poor processes are fixed.
3 Improved customer service can deliver increased revenue, leading to increased bonuses and
profit sharing for everyone.
A project that does not provide positive financial impact would deserve a LOW score.
return on investment, project charter correct answers ____, you don't need all the details for a
scorecard. You do want a general idea on the benefits from the project vs the cost of the project.
The details will begin to emerge when you create a ___
customers, stakeholders, waste, return on investment correct answers With a project charter you
will be able to score any possible project, in terms of value, by examining:
1 Will ___ pay more or buy more
, 2 Do other ___ see financial, or quality of work life, benefits?
3 Will ___ be eliminated
4 What is an estimate for ___, from the project?
resources, champion, manager, team correct answers Having ____, in terms of people, time, and
money, is a challenge for many projects.
For the purpose of creating a scorecard, there are three resources to know up front. The time and
money challenges can be addressed if the project scores well. The things to know UP FRONT
are:
1 Project ___
2 Project ___
3 Project ___
project champion correct answers When it comes to a ____, you want to know if an executive is
willing and able to own the leadership role and delegate the management role.
You can score any project and acknowledge if not available, but you should never start a project
without this resource.
project manager correct answers ___ is often the person who completes the scorecard. The role is
not a show stopper. You can still complete a scorecard and highlight the need for this resource.
project team correct answers ____ you want to know if the possible project will need one to
contribute knowledge, work the tasks, and deliver results. If not needed, then you may just have
some small solo effort, which is not a project.
champion, manager, team correct answers You will be able to score any possible project in terms
of resources by examining:
1 Is this important enough for an executive to commit their time to be the project ____?
2 Has a potential project ___ been identified?
3 Will a ___ be required?
priority correct answers After identifying characteristics, you need to define how you will
measure each one.
The first step is to set the ___ for each characteristic. You may choose to identify customer value
as high priority and needing a project team as relatively lower priority.
high, 3, 2, 1 correct answers The justification is a ___ scoring project will generate the need for a
project team and most organizations don't have teams just sitting around.
Given the 10 characteristics described, it is reasonable to force rank the list and establish ___ as
HIGH, ___ as MEDIUM, and __ as LOW.
While ALL 10 are important for the success of the project, they are not all EQUAL
identify, establish, score, high, low correct answers Top 3 steps to selecting an appropriate lean
project:
1 ____ desirable characteristics which promote success and positive outcomes
2 ____ a scoring technique which quantifies each characteristic
3 ____ possible projects to determine their viability
--___ scoring projects become candidates for action
--___ scoring projects are dropped or refined to improve their score
criteria correct answers The goal of selecting an appropriate lean project is to establish ____
which identifies the best projects for your lean transformation.
relative correct answers All possible projects have characteristics which point to their ___ value
to an organization and to the probabilities of success.
characteristics, new, alignment, value, resources correct answers Too many projects get
approved for all the wrong reasons. Its important to identify the desirable ___ which will be used
to systematically approve ___ projects. These can vary by organization, but will often include the
following:
1
2
3
project characteristic correct answers ____ an important aspect of the project which helps the
team determine if this idea is a great fit for lean.
alignment, strategic initiatives, scope, lean toolbox correct answers ____ a scorecard should
examine how the project supports organizational strategy and methodologies. This will involve
knowing
1
2
3
3, 5, starting correct answers Ideally, leadership has identified __ to __ strategic initiatives (used
to evaluate the viability of any project) which have been designed to achieve your organization's
vision and mission. They should be the ___ point for a vast majority of projects funded by the
organization. If these haven't been chosen, they need an alternative approach by setting up a
meeting.
scope, 3, 6 correct answers Beyond supporting a strategic initiative, a great project will have a
reasonable ___. Something which can be accomplished in ___ to ___ months will generally have
a higher chance of success.
,methodology, value stream, changeover, 5S correct answers One last alignment characteristic,
for a lean project is knowing if the lean toolbox has a ____ which is appropriate for the potential
project.
Ex-
___ mapping
___ reduction
___ system
not correct answers LEAN is ___ for every project.
strategic initiative, scope, time, methodology correct answers You will be able to score any
possible project, in terms of strategic alignment, by evaluating:
1 Does the project support a ___
2 What is the ___ in terms of estimated ___ to completion
3 Can a standard ___, from the lean toolbox be used?
value correct answers Specify ___ is lean principle number 1. It should be front and center when
evaluating any potential project.
customer, stakeholder, amount of waste, return on investment correct answers A project
scorecard will often seek an understanding of:
1 ___ value
2 ___ value
3 ___
4 ___
customers correct answers The first situation is bringing value to ___. Will they pay more, buy
more, after the project is complete?
stakeholders correct answers Afterward providing value to customers, a great project will
provide value to ____.
1 Lower costs in another department when defects are reduced.
2 Improved quality of work life when poor processes are fixed.
3 Improved customer service can deliver increased revenue, leading to increased bonuses and
profit sharing for everyone.
A project that does not provide positive financial impact would deserve a LOW score.
return on investment, project charter correct answers ____, you don't need all the details for a
scorecard. You do want a general idea on the benefits from the project vs the cost of the project.
The details will begin to emerge when you create a ___
customers, stakeholders, waste, return on investment correct answers With a project charter you
will be able to score any possible project, in terms of value, by examining:
1 Will ___ pay more or buy more
, 2 Do other ___ see financial, or quality of work life, benefits?
3 Will ___ be eliminated
4 What is an estimate for ___, from the project?
resources, champion, manager, team correct answers Having ____, in terms of people, time, and
money, is a challenge for many projects.
For the purpose of creating a scorecard, there are three resources to know up front. The time and
money challenges can be addressed if the project scores well. The things to know UP FRONT
are:
1 Project ___
2 Project ___
3 Project ___
project champion correct answers When it comes to a ____, you want to know if an executive is
willing and able to own the leadership role and delegate the management role.
You can score any project and acknowledge if not available, but you should never start a project
without this resource.
project manager correct answers ___ is often the person who completes the scorecard. The role is
not a show stopper. You can still complete a scorecard and highlight the need for this resource.
project team correct answers ____ you want to know if the possible project will need one to
contribute knowledge, work the tasks, and deliver results. If not needed, then you may just have
some small solo effort, which is not a project.
champion, manager, team correct answers You will be able to score any possible project in terms
of resources by examining:
1 Is this important enough for an executive to commit their time to be the project ____?
2 Has a potential project ___ been identified?
3 Will a ___ be required?
priority correct answers After identifying characteristics, you need to define how you will
measure each one.
The first step is to set the ___ for each characteristic. You may choose to identify customer value
as high priority and needing a project team as relatively lower priority.
high, 3, 2, 1 correct answers The justification is a ___ scoring project will generate the need for a
project team and most organizations don't have teams just sitting around.
Given the 10 characteristics described, it is reasonable to force rank the list and establish ___ as
HIGH, ___ as MEDIUM, and __ as LOW.
While ALL 10 are important for the success of the project, they are not all EQUAL
