Risk Management - Use of Safe Harbours - Phase 7 to 9
The Management of Risk and Value-Adding Strategy
Leverage becomes available from managing variability and risk. Management focus is on minimising work-in-progress in order to accelerate flow. The meta-processes of the business become levers to access substantial productivity gains.
Very few companies organically achieve high scores here. These Phases of Productivity generally require external skill sets and a dedication to changing long-term business beliefs.
Phase Seven to Nine are a focus on management methodology (the management of risk and value-adding strategy)
- Phase Seven – Constraint Management, “Getting more control over your workload”
- Phase Eight – Buffer Management, “Managing “at risk” jobs before they cause damage”
- Phase Nine – Work Mix Management, “Managing the sales and work mix to optimise throughput”
Very few companies organically achieve high scores here. These Phases of Productivity generally require external skill sets and a dedication to changing long-term business beliefs.
Phase Seven – Constraint Management
Phase Seven is characterised by getting more control over your workload.
Benefits of the Phase
- More output is possible with the same headcount.
- Better communication and teamwork, fewer preventable service failures.
- More cross-training and multiskilling to spread the load.
- Smoother flow, less crisis, more calm.
- More flexible workforce.
- Money flows into the business faster.
Very few companies organically achieve high scores here. These Phases of Productivity generally require external skill sets and a dedication to changing long-term business beliefs.
Phase Eight – Buffer Management
Phase Eight is characterised by managing the jobs that are becoming ‘at risk,’ and reliably dealing with increasing job risk in a timely manner, before damage occurs.
Benefits of the Phase
- Increased productivity/output.
- Smoother flow of work.
- Early detection of flow problems.
- Consistently improving business.
- More empowered and autonomous staff.
- Trend change detection
Very few companies organically achieve high scores here. These Phases of Productivity generally require external skill sets and a dedication to changing long-term business beliefs.
Phase Nine – Work Mix Management
Phase Nine is characterised by manipulating your sales and work mix to further increase productivity and revenue.
Benefits of the Phase
- Increase total revenue and profits.
- Increased productivity/output.
- Better cash flow.
- Reduces stress on owners, managers and staff.
- Better brand value and recognition.
