Hempel Coating Management
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'''Iron Triangle''' | '''Iron Triangle''' | ||
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| + | Iron triangle illustrates the relationship between cost, time and quality (TCQ). When planning a project, the project managers are highly advised to take into consideration these three parameters. TCQ model | ||
| + | is considered to be an useful management tool to show management focus and measure any management success. The project manager has to have the proper knowledge regarding the relations between the constraints of TCQ and the right ones get prioritized in their project. | ||
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| + | Application of tool | ||
| + | On the hempen project, time and quality was the two constraints that were prioritized. Such prioritisation helps project team to make quick decisions and focus effort on what is most relevant. Quality is very significant parameter since delivering trusted services and premium coating advisory are mainly | ||
| + | implemented in this project. Time is also a highly influential factor in this case, as this specific concept | ||
| + | had been attempted and failed in the past. Therefore, the Hempel case can be located at the middle of time and quality constraints. | ||
Revision as of 09:39, 18 February 2020
Introduction
As part of Hempel’s newly formed service organisation, a number of development projects of new services have been planned coupled with several operational upgrades. A foundational service offering is “coating advisory”. This service includes sending expert coating advisors to oversee surface preparation and coating application of the products. Initially Hempel acquired two levels of coating advisory, Standard coating advisory and Premium coating advisory. After collaborating with key customers, a third level was developed for the marine segment where the company took over the responsibility of planning the dry docking projects. Dry docking projects are referring to fixed duration re-coatings of vessels, which takes place every five years according to regulatory requirements. In marine, this new service was called “Project Management”. Therefore, the scope of this project was to develop a similar third tier service for the protective segments. By doing so, they offer more than premium coating advisory and they could provide more value and earn more per hour.
Tools
Iron Triangle
Iron triangle illustrates the relationship between cost, time and quality (TCQ). When planning a project, the project managers are highly advised to take into consideration these three parameters. TCQ model is considered to be an useful management tool to show management focus and measure any management success. The project manager has to have the proper knowledge regarding the relations between the constraints of TCQ and the right ones get prioritized in their project.
Application of tool On the hempen project, time and quality was the two constraints that were prioritized. Such prioritisation helps project team to make quick decisions and focus effort on what is most relevant. Quality is very significant parameter since delivering trusted services and premium coating advisory are mainly implemented in this project. Time is also a highly influential factor in this case, as this specific concept had been attempted and failed in the past. Therefore, the Hempel case can be located at the middle of time and quality constraints.
Value Proposition Canvas - Romina
SWOT Analysis
- Ian
Test text
Risk Assessment
- Dimitra
