Insurance: Reduction of lead times for business value estimation projects

Context

The client carries out descriptive inventories of the company's assets, both in terms of buildings and operating equipment and furniture. Each client constitutes a unique project. Reducing the time taken for these estimates is challenging in a growing market.

 

 

Objectives

The objectives of this support are, as often:

  • Increase production capacity,
  • Reduce the overall lead time of a prior estimate,
  • Improve compliance with deadlines.

 

Approach

  • Flash diagnosis of the Firm's strengths and weaknesses
  • Training of key players in Critical Chain Project Management and the Theory of Constraints.
  • Implementation of Project Management by the Critical Chain on large projects (more than 3 months).
  • Deployment of project management by the Critical Chain across the entire business portfolio. Implementation of new KPIs.
  • Implementation of weekly routines for monitoring files with prioritization according to the state of the Fever Chart and the Critical Chain

Results

  • Lead Time of estimates reduced by 30% > Going from 226 days of deadlines to 144 days on average.
  • Announcing to clients the use of the Critical Chain and the Fever Chart to monitor their projects enabled the company to sign more contracts.
  • Reduction in stress for all those involved in the projects.

 

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About Marris Consulting

Marris Consulting is an industry consulting and training company specialized in the Theory of Constraints (ToC) and Critical Chain Project Management. We focus on improving the performance of manufacturing and process industries by using Constraints Management combined with Lean and Six Sigma. To boost project performance, we also use Critical Chain Project Management (CCPM), which we sometimes combine with Lean Engineering. Our 2-day performance audits, our performance consulting services and our project management, Lean, ToC & CCPM training by our industry consultants offer a wide range of solutions to help our clients around the world reach the highest possible levels of performance.

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