MBA 745 - Module 2 fully solved &
updated
identify, establish, score, high, low - answer 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 - answer The goal of selecting an appropriate lean project is
to establish ____ which identifies the best projects for your lean
transformation.
relative - answer All possible projects have characteristics which
point to their ___ value to an organization and to the probabilities of
success.
characteristics, new, alignment, value, resources - answer 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 - answer ____ 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 - answer ____ a
scorecard should examine how the project supports organizational
strategy and methodologies. This will involve knowing
1
2
3
3, 5, starting - answer 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 - answer 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 - answer 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 - answer LEAN is ___ for every project.
, strategic initiative, scope, time, methodology - answer 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 - answer 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 -
answer A project scorecard will often seek an understanding of:
1 ___ value
2 ___ value
3 ___
4 ___
customers - answer The first situation is bringing value to ___. Will
they pay more, buy more, after the project is complete?
stakeholders - answer 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.
updated
identify, establish, score, high, low - answer 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 - answer The goal of selecting an appropriate lean project is
to establish ____ which identifies the best projects for your lean
transformation.
relative - answer All possible projects have characteristics which
point to their ___ value to an organization and to the probabilities of
success.
characteristics, new, alignment, value, resources - answer 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 - answer ____ 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 - answer ____ a
scorecard should examine how the project supports organizational
strategy and methodologies. This will involve knowing
1
2
3
3, 5, starting - answer 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 - answer 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 - answer 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 - answer LEAN is ___ for every project.
, strategic initiative, scope, time, methodology - answer 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 - answer 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 -
answer A project scorecard will often seek an understanding of:
1 ___ value
2 ___ value
3 ___
4 ___
customers - answer The first situation is bringing value to ___. Will
they pay more, buy more, after the project is complete?
stakeholders - answer 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.
