Overview
Raytheon Company (RTN) is a technology and innovation leader specializing in defense for the civil government and cyber security globally. RTN was founded in 1922 by three individuals with extensive engineering backgrounds and have been able to pave the way in aerospace and defense product design and manufacturing.
Historically RTN supported WWII in the 1940’s with urgent production needs for magnetron tubes used by Allied Forces for radar defense. In the 50’s and 60’s RTN expanded their capabilities and developed a “Raytheon-Guided Lark Missile” which knocked down a drone out of the air, becoming the first missile-mounted guidance system to intercept moving targets. In the late 60’s early 70’s RTN played a major role in Apollo 11, …show more content…
In doing so the engineers need to determine the cycle time “the maximum amount of time a product is allowed to spend at each workstation” (Russell, 2014). This new transmitter will flow through multiple work centers and operators. Based on Figure 2 the production cycle of the new transmitter is at most 45 days which includes a lot of 100 units. Knowing 100 units can be produced in 45 days it is important to compare that metric to the TAKT time “the pace at which production should take place to match customers demand” (Russell, 2014). Understanding our customers’ demands and manufacturing rate will help determine if additional shifts or potentially additional production lines are …show more content…
Risks associated with a product launch can consist of: technology risk, management risk, and market risks (Tribe, 2016) Risk management, when used effectively, identifies, and averts or compensates for events that have potential undesirable consequences. The successful management of risk and opportunity requires proactive identification and assessment of potential risks/opportunities plus the planning and execution of actions necessary to counter or achieve them (Defense, 2016). The risk and opportunity management process involves all stakeholders in the initiative, and information associated with the entire process is openly shared with all involved.
The aim of risk and opportunity management is to achieve a comprehensive understanding of the degree of risk and opportunity associated with any chosen course of action, so that management can meet the program goals while also achieving the cost and schedule targets. According to Defense, successful management of risk and opportunity requires a thoroughly understood and agreed-upon methodology and plan that
Raytheon Company (RTN) is a technology and innovation leader specializing in defense for the civil government and cyber security globally. RTN was founded in 1922 by three individuals with extensive engineering backgrounds and have been able to pave the way in aerospace and defense product design and manufacturing.
Historically RTN supported WWII in the 1940’s with urgent production needs for magnetron tubes used by Allied Forces for radar defense. In the 50’s and 60’s RTN expanded their capabilities and developed a “Raytheon-Guided Lark Missile” which knocked down a drone out of the air, becoming the first missile-mounted guidance system to intercept moving targets. In the late 60’s early 70’s RTN played a major role in Apollo 11, …show more content…
In doing so the engineers need to determine the cycle time “the maximum amount of time a product is allowed to spend at each workstation” (Russell, 2014). This new transmitter will flow through multiple work centers and operators. Based on Figure 2 the production cycle of the new transmitter is at most 45 days which includes a lot of 100 units. Knowing 100 units can be produced in 45 days it is important to compare that metric to the TAKT time “the pace at which production should take place to match customers demand” (Russell, 2014). Understanding our customers’ demands and manufacturing rate will help determine if additional shifts or potentially additional production lines are …show more content…
Risks associated with a product launch can consist of: technology risk, management risk, and market risks (Tribe, 2016) Risk management, when used effectively, identifies, and averts or compensates for events that have potential undesirable consequences. The successful management of risk and opportunity requires proactive identification and assessment of potential risks/opportunities plus the planning and execution of actions necessary to counter or achieve them (Defense, 2016). The risk and opportunity management process involves all stakeholders in the initiative, and information associated with the entire process is openly shared with all involved.
The aim of risk and opportunity management is to achieve a comprehensive understanding of the degree of risk and opportunity associated with any chosen course of action, so that management can meet the program goals while also achieving the cost and schedule targets. According to Defense, successful management of risk and opportunity requires a thoroughly understood and agreed-upon methodology and plan that