TY - CONF TI - Transformation–Flow–Value as a Strategic Tool in Project Production C1 - Lima, Peru C3 - 19th Annual Conference of the International Group for Lean Construction PY - 2011 AU - Bertelsen, Sven AU - Bonke, Sten AD - MSc. Director, Sven Bertelsen, Strategic Counselors aps. External lecturer, Technical University of Denmark. Ronnebaervej 10, DK 2840 Holte, Denmark. sven@bertelsen.org AD - 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 ED - Rooke, John ED - Dave, Bhargav AB - 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. KW - Transformation-Flow-Value KW - Strategy KW - Business approach KW - Financial model PB - T2 - 19th Annual Conference of the International Group for Lean Construction DA - 2011/07/13 CY - Lima, Peru L1 - http://iglc.net/Papers/Details/1099/pdf L2 - http://iglc.net/Papers/Details/1099 N1 - Export Date: 23 April 2024 DB - IGLC.net DP - IGLC LA - English ER -