Lean
Work
Work is for tasks, the total labor or “person-hours” required (in terms of minutes, hours, days, weeks, or months) for all resources to complete a task. For assignments, the amount of work to which a resource is assigned for a specific task. For resources,...Variation
Variation is the differences in results obtained in measuring the same phenomenon more than once. The sources of variation in a process over time can be grouped into two major classes: common causes and special causes. Excessive variation frequently leads to waste and...Value Stream
The Value Stream is the specific activities required to design, order and provide a specific product, from concept to launch, order to delivery, and raw materials into the hands of the customer. (Lean Manufacturing Glossary of Terms)Value Engineering
Value Engineering is an organized effort to analyze the functions of systems, equipment, facilities, services, and supplies for the purpose of achieving the essential functions at the lowest life cycle cost consistent with required performance, reliability, quality,...Value Chain Analysis
Value Chain Analysis is the method to identify all the elements in the linkage of activities a firm relies on to secure the necessary materials and services, starting from their point of origin, to manufacture, and to distribute their products and services to an end...The Building & Remodeling Wiki Sponsors:
