Value Stream Analysis and its Strengths and Weaknesses

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Table of Contents
QUESTION – 1..........................................................................................................................1
QUESTION– 2...........................................................................................................................1
QUESTION – 3..........................................................................................................................2
QUESTION – 4..........................................................................................................................3
QUESTION – 5..........................................................................................................................4
QUESTION – 6..........................................................................................................................4
QUESTION – 7..........................................................................................................................5
QUESTION – 8..........................................................................................................................6
QUESTION – 9..........................................................................................................................7
QUESTION – 10........................................................................................................................7
QUESTION – 11........................................................................................................................8
QUESTION – 12........................................................................................................................9
QUESTION – 13......................................................................................................................10
References................................................................................................................................11

QUESTION – 1
Value stream analysis makes it simple to outwardly recognize where the waste is and
how an individual can manage it or improve it. When any person has a visual look of the
feeble process of the business, he or she can utilize the value analysis so as to create a
common base for communicating it to their teammates and stakeholders. One of the major
strength of this analysis is that it takes into account determined experimentation in different
parts and department of the procedure, without causing any blockage or hurdle to remainder
of the business. Individual can utilize it to design an improvement, or Kaizen, and test
improvement speculations without any difficulty. The best example of value stream used is in
the healthcare organisations which are facing regular challenges in terms of cost and time
delays. This time delays can cause a lot of problem for the patient and can lead to harmful
effects (Bicheno and Picsie, 2004).
Information is recorded on the tool's map as deterministic, ignoring the genuine
inconstancy of the procedure. This is a big weakness of this analysis because of the fact that,
particularly inside assembling process, if there is too much variation it affects expenses and
which may also lead to wastage. Along these lines, it must be analysed in a careful manner
and diminished before lean assembling can be set into spot. This can be understood with the
help of an assembly line manufacturing say called plastic mugs, if there is variability in the
manufacturing process of the plastic mugs. This will lead to defect or the variability
spreading over the entire batch of production and thereby making the process wasteful for the
company (Ulrich & Eppinger, 2011).
QUESTION – 2
The scope creep can happen due to lack of change control during a project life cycle.
A case of absence of progress control would be in the event that you are doing an undertaking
based on structuring another item and your customer has transforms they wish to make to
their necessities, neither you as the task administrator or your venture group would realize
how to manage the change required or where to begin as far as actualizing it into the task
plan. By fully defining the scope of the project, the scope creep can be avoided ii this case.
The scope creep usually arises because of the changes in the life cycle of the project and can
be controlled by documenting and defining of the project plans (Javed, Maqsood and Durrani,
2016). Organisations can do several things to manage scope creep in the business. They are
as follows:
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 Continuously defining of the project scope and documenting it.
 Make a point to meet with your customers and clients frequently to affirm that you
have a typical comprehension of scope.
 Have a change control framework that incorporates request forms for change,
investigation procedure of the effects of progress demands, a change control board;
clear correspondence plan for change demands, and a methodology to pursue while
joining change.
 Get a last approval of scope (Haughey, 2011).
 Utilize the change control framework that you have set up.
 Stay up with the latest any venture records.
Documentation is the key to prevent scope creep in the business and thereby can be
helpful in managing the inevitable needs of the customers and stakeholders. The scope
dynamic nature can always be not avoided because they are sometimes good and helpful for
the project management of the business.
QUESTION – 3
The various steps involved while scheduling the project are –
1. Defining the policies and the procedures to be followed – This will define who, what
and how of the approval, contingencies and task dependencies.
2. Defining the Activities – This will define who will be performing what project
activities and the task. There are some rules while defining the project activities that
should be followed.
3. Arranging the Activities – After the venture has been separated into assignments the
connections between them must be resolved. More often than not an assignment
begins when the past one completions, however not constantly (Hanisch & Wald,
2012).
4. Gauging Activities resources – The various resources such as tools, labour and facility
need to be estimated in their type and quantity.
5. Duration of the activity – Activity duration should be defined properly as all the
resources are not available at all time.
6. Create Schedule – In this progression we will build up the most effective timetable for
the task. This is characterized as delivering the official begins and end dates for each
errand.
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