Lead time improvement project for major Oil and Gas company in Norway, developing an essential component.

• Objective
  Reduce project lead time of component development by at least 2 months ( the average project lead time was 24 months).
• Team
  Lead a multi-functional team of senior management, 1st level management and their design engineers and planners (total team 16 people).
• How
  Combination of techniques and tools of Theory of Constraints (throughput), Lean (efficiency) and Six Sigma (quality).
• Results
  Estimated Lead time reduction of 3.5 months (+27% reduction).
  Extra Value due to improvement = 2.1 Million to 6.2 Million USD Annually.

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