Tránsformation–Flow–Value as a strategic tool in Project Production

Sven Bertelsen, Sten Bonke

    Research output: Contribution to journalConference articleResearchpeer-review


    The paper investigates the use of the Transformation-Flow-Value theory as a
    strategic tool in the development of the project production firm. When producing products such as ships, focus on value more than on cost may be the best approach, but in service industries such as construction, focus on flow may often be a far better approach than just looking at the costs.
    The paper presents a simple, general financial model to support this argument and
    not least to assist the reader in conducting similar analyses in his own company.
    Original languageEnglish
    JournalLean Construction Journal
    Issue numberIGLC 2011 Special Issue
    Pages (from-to)33-40
    Publication statusPublished - 2012
    Event2011 International Group for Lean Construction (IGLC) Conference - Lima, Peru
    Duration: 13 Jul 201115 Jul 2011


    Conference2011 International Group for Lean Construction (IGLC) Conference


    • Transformation-Flow-Value
    • Strategy
    • Business approach
    • Financial model


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