IGLC 19 · Lima, Peru · 2011
Transformation–Flow–Value as a Strategic Tool in Project Production
- MSc. Director, Sven Bertelsen, Strategic Counselors aps. External lecturer, Technical University of Denmark. Ronnebaervej 10, DK 2840 Holte, Denmark. sven@bertelsen.org
- Assoc. Prof. Sten Bonke, Head of Section. Section for Planning and Management of the Built Environment. DTU Management, Technical University of Denmark, Produktionstorvet, DK 2800 Kgs.Lyngby, Denmark
Abstract
The paper investigates the use of the Transformation-Flow-Value theory as a strategic tool in the development of the project production firm. When producing products such as ships, focus on value more than on cost may be the best approach, but in service industries such as construction, focus on flow may often be a far better approach than just looking at the costs. The paper presents a simple, general financial model to support this argument and not least to assist the reader in conducting similar analyses in his own company.
Keywords
- Transformation-Flow-Value
- Strategy
- Business approach
- Financial model
Cite this paper
APA 7th edition
Bertelsen, S., & Bonke, S. (2011). Transformation–Flow–Value as a Strategic Tool in Project Production. In J. Rooke, & B. Dave (Eds.), 19th Annual Conference of the International Group for Lean Construction.
Shortened reference for IGLC papers
Bertelsen, S., & Bonke, S. (2011). Transformation–Flow–Value as a Strategic Tool in Project Production. IGLC19.