New thinking pays off for plant project
Xaloy Inc. of Pulaski, Va., managed an international start-up project to build a high-tech fabrication plant in Thailand. Production began 11 months after project approval, and completed within a budget of $18 million. The project vision was created by combining Kaizen principles of continuous improvement with the Theory of Constraints (TOC) derived from Eliyahu Goldratt's Critical Chain approach. The article describes how the vision was formulated, the way that the TOC was applied to the project plan, and the way that focus was maintained using the Kaizen technique of PDCA (Plan, Do, Check, Act). The key to the success of this project was attributed to vision, planning, people, and focus.