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Strategic Project Selection in the Pre-Development of Manufacturing Industry

[+] Author Affiliations
Stephan Oertelt, Karl-Heinrich Grote

Otto von Guericke University, Magdeburg, Germany

Paper No. ESDA2008-59351, pp. 187-194; 8 pages
doi:10.1115/ESDA2008-59351
From:
  • ASME 2008 9th Biennial Conference on Engineering Systems Design and Analysis
  • Volume 3: Design; Tribology; Education
  • Haifa, Israel, July 7–9, 2008
  • Conference Sponsors: International
  • ISBN: 978-0-7918-4837-1 | eISBN: 0-7918-3827-7
  • Copyright © 2008 by ASME

abstract

This paper focuses on the evaluation of project proposals within the innovation management of manufacturing industries. The goal is to define a strategy-oriented project program within a budgetary framework. This task requires a systematic approach which structures the wide range of information and makes the complexity of decision making controllable. Within the process framework of decision preparation and decision making, a coherent combination of adequate methods, processes and tools is indispensable. For this reason, a set of standardized methods comprised of ABC-analysis, value analysis, portfolio analysis, paired comparison and expert discussion is suggested. Moreover, the central decision-making supporting element is the evaluation of alternative projects with regard to their potential and risk.

Copyright © 2008 by ASME

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