Back to Volume 3 | Winter 2018

Editor’s Letter

Executive Summary

The articles in this edition of the Journal touch on a number of topics, all with the aim of building out the Project Production Management (PPM) body of knowledge. Some of them are tutorial in nature, aimed at greater precision in terminology, such as the articles on value streams, the distinction between business processes and production processes, and understanding the impact of PPM on financial performance. Others illustrate applications of basic Operations Science relationships, such as the article on the unintended consequences of WIP, or on the Operations Science perspective on the limitations of workface planning. Finally, we also take some positions as an Institute on topics such as the limitations of inferring best practices from statistical benchmarking of capital projects.

 



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