The chapter discusses the phased approach to the strategic review, which is the basis of the formulation of a new make or buy strategy. The importance of the phases is that they provide the means to divide the work into managed stages, with review points at the end of each stage. These reviews, conducted as a project, will usually take the form of a management workshop, at which findings and proposals are presented. This provides the opportunity to achieve management validation of the data and reasoning, and most importantly, ownership of the conclusions and actions, with commitments to move on to the next stage.

Chapter Contents:

• 5.1 Importance of a phased approach
• 5.2 Project setup and management
• 5.3 Generic project team training plan
• 5.4 Maintenance of the make or buy strategy

Inspec keywords: project management; manufacturing industries

Other keywords: management workshop; make-or-buy strategy; strategic review; manufacturing business; management validation; project review

Subjects: Manufacturing industries