Managing Product Maturity

Gardener, Tim (2007) Managing Product Maturity. European Study Group with Industry > 59th ESGI [Nottingham 26/3/2007 - 30/3/2007].

Full text available as:

PDF - Requires Adobe Acrobat Reader or other PDF viewer.

Item Type:	Study Group Report
Study Group:	European Study Group with Industry > 59th ESGI [Nottingham 26/3/2007 - 30/3/2007]
Company Name:	BAE Systems
Industrial Sector:	Aerospace and defence
Additional Contributors:	Hadji, Richard and Billingham, John and Hewett, Dave and Jaroszewski, Marcin and Pachon, Ricardo and Szotten, Dave and Wilson, Eddie
ID Code:	138
Deposited By:	Richard Booth
Deposited On:	20 May 2008

Problem Statement

Major defence engineering contracts involve highly innovative product
development. For these products to be managed effectively, BAE Systems
has implemented a novel management system to chart progression through the
product lifecycle, thereby allowing early identification and resolution of problems.
Considering the product hierarchically from the "bottom up", an elaborate
monthly scoring system is in place to measure the progress of component parts.
BAE Systems asked the study group to analyse data gleaned as if from this process
to determine whether past performance is a guide to future progress. This included
understanding the impact of interdependencies and the effect of aggregation up to the product level. BAE Systems also asked for comment on the nature of the
maturity modelling approach currently used and advice on how improvements can
be made, including on how the maturity value is calculated and whether tasks
should be weighted. They also wished to know what relationships exist between
dependent parameters, and how assignment of issues moves between them.
In response, the Study Group analysed the data; they suggested that "value at
risk" models might be useful in this context and considered how incentives might
be designed to encourage accurate reporting.

Archive Staff Only: edit this record