{"id":{"repo_id":"mit","oai_identifier":"oai:dspace.mit.edu:1721.1/33731"},"canonical_url":"https://search.dev.ndltd.org/etd/mit/oai:dspace.mit.edu:1721.1/33731","repository":{"repo_id":"mit","name":"MIT","base_url":"https://dspace.mit.edu/oai/request"},"display":{"title":"Value stream mapping and earned value management : two perspectives on value in product development","abstract":"The concepts of value and value stream are crucial to the philosophy of Lean, and a better understanding of how these concepts relate to product development (PD) is essential for the creation of a Lean PD strategy. This thesis focuses on value by looking at PD processes through two different value perspectives: Product Development Value Stream Mapping and Earned Value Management. Product Development Value Stream Maps (PDVSMs) were created for two different PD projects, and the tasks from the maps were analyzed for how they each create value. The official value measurement for the two projects, Earned Value Management System data, was analyzed and compared to the PDVSMs. This comparison of the two value perspectives proved valuable, as it showed that despite some misalignments, they are congruent. The comparison also highlighted several flaws in EVMS. Finally, a combined EVMS/PDVSM hybrid management tool is proposed and discussed.","abstract_html":"The concepts of value and value stream are crucial to the philosophy of Lean, and a better understanding of how these concepts relate to product development (PD) is essential for the creation of a Lean PD strategy. This thesis focuses on value by looking at PD processes through two different value perspectives: Product Development Value Stream Mapping and Earned Value Management. Product Development Value Stream Maps (PDVSMs) were created for two different PD projects, and the tasks from the maps were analyzed for how they each create value. The official value measurement for the two projects, Earned Value Management System data, was analyzed and compared to the PDVSMs. This comparison of the two value perspectives proved valuable, as it showed that despite some misalignments, they are congruent. The comparison also highlighted several flaws in EVMS. Finally, a combined EVMS/PDVSM hybrid management tool is proposed and discussed.","abstract_has_math":false,"creators":["Whitaker, Ryan Brent"],"institution":"Massachusetts Institute of Technology","degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":"Massachusetts Institute of Technology. Engineering Systems Division.","school":null,"contributors":[],"advisors":["Warren Seering."],"committee_chairs":[],"committee_members":[],"year":2005,"date_issued":"2005","date_published":"2005","updated_at":"2026-07-22T22:22:05Z","subjects":["Engineering Systems Division."],"languages":["eng"],"rights":["M.I.T. theses are protected by copyright. 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This thesis focuses on value by looking at PD processes through two different value perspectives: Product Development Value Stream Mapping and Earned Value Management. Product Development Value Stream Maps (PDVSMs) were created for two different PD projects, and the tasks from the maps were analyzed for how they each create value. The official value measurement for the two projects, Earned Value Management System data, was analyzed and compared to the PDVSMs. This comparison of the two value perspectives proved valuable, as it showed that despite some misalignments, they are congruent. The comparison also highlighted several flaws in EVMS. 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The official value measurement for the two projects, Earned Value Management System data, was analyzed and compared to the PDVSMs. This comparison of the two value perspectives proved valuable, as it showed that despite some misalignments, they are congruent. The comparison also highlighted several flaws in EVMS. Finally, a combined EVMS/PDVSM hybrid management tool is proposed and discussed."],"dc:description.degree":["S.M."],"dc:format.mimetype":["application/pdf"],"dc:identifier.uri":["http://hdl.handle.net/1721.1/33731"],"dc:language.iso":["eng"],"dc:publisher":["Massachusetts Institute of Technology"],"dc:rights":["M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. 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