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How to balance project opportunities with time, capability, and budget for overall profitability

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Synchronizing Resources, Capacity and the Product Pipeline


Pre-Conference Workshop C
Wednesday, February 21, 2001

Full-Day: 8:00am - 5:00pm

Extreme Profitability in the Information Age: Create and Manage a High-Speed Product Development System with Dr. E.M. Goldratt's Theory of Contraints
Instructor: Anthony R. Rizzo, Product Development Institute, Inc.


Dr. Russel L. Ackoff writes the following about systems. "Imagine that you are able to collect in your garage the best automobile engine ever built, the most sophisticated transmission, the best engineered fuel injection system and suspension system, the sleekest automobile body ever designed by Ferrari, and the most successful example of every automobile part ever produced anywhere in the world. When you complete your collection, will you have a car? No! When you complete your collection, you will have nothing more than an aggregation of car parts. A car is a system, and a system is not defined by its parts but by the interactions between its parts."

A product development organization, too, should be a system. But most organizations that exist today do not perform as effective systems. Rather, they perform as aggregations of functions, mere collections of organizational parts, which interact poorly if at all. With the Theory of Constraints, your new-product introduction organization can become one of the most effective, most profitable for-profit systems in the world. During this workshop you will learn about:

  • Goldratt’s Theory of Constraints
  • The Boyd Cycle & Maneuver Warfare, as applied to new product introduction
  • The Product Development Information Cycle
  • The Critical Chain method
  • Buffer management
  • The difference between Type-A organizations and Type-B organizations
  • The components missing from your system today

With PDI’s simulator you will learn what is required to make the change to TOC, safely, effectively, and permanently. You’ll discover how to:

  • Create an immediate burst of speed
  • Select the right cutover project
  • Create effective schedules
  • Use the planning buffer, to keep your system running efficiently
  • Use the placeholder method, to accommodate urgent customer needs
  • Really improve your system’s financial performance, while maintaining costs well under control
  • Apply TOC’s Five Focusing Steps to your entire enterprise, and prepare for success
 

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