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Wednesday, May 16 • 3:30pm - 4:10pm
Identifying and Measuring Value for Lean Systems Engineering

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All five steps of lean thinking (Value, Value Stream, Pull, Flow, and Perfection) focus on customer (stakeholder) value. The fundamental purpose of systems (products, and services) in to provide value for stakeholders.  Systems engineers are leaders of systems thinking, systems integration, and systems decision-making.  Therefore, systems engineers play a critical role of working with stakeholders to identify and measure stakeholder value during the system life cycle to support systems decision making.  Lean and system engineering have very common goals.  However, in order to achieve these goals, they need to be able to qualitatively and quantitative define stakeholder value.  For complex, dynamic, and interdependent systems there are many system functions that create value for multiple stakeholders.  System designs must consider conflicting values and objectives of these multiple stakeholders. This presentation illustrates the use of functional analysis and Value-Focused Thinking with multiple objective decision analysis to develop a mathematically sound value model that clearly identifies stakeholder value across the life cycle value stream and measures the potential value of system designs and improvements that can effectively and efficiently increase potential value.  The presentation illustrates and advocates the early development of the value model and the use to the value model to assess value trade-offs during the entire system life cycle.


Speakers
avatar for Dr. Gregory Parnell

Dr. Gregory Parnell

Dr. Gregory S. Parnell is a Professor of Systems Engineering the United States Military Academy at West Point.  He teaches systems engineering, decision analysis, and operations research.  Dr. Parnell is also Chairman of the Board and a executive principal analyst with Innovative Decisions Inc., a leading decision analysis consulting firm.   His research and consulting involve systems engineering, strategic planning... Read More →


Wednesday May 16, 2012 3:30pm - 4:10pm
Harborview 3

Attendees (10)