Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
A Prioritization Model for Investments: A Case Study at Volvo Group Trucks Operations
Uppsala University, Disciplinary Domain of Science and Technology, Technology, Department of Engineering Sciences, Industrial Engineering & Management.
2019 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Volvo’s plant in Umeå has a constant need for development, where to start new activities like projects and investments are important tools, where the competition on the market is increasing. The need for investments are major compared to the resources available, both in terms of human resources and economic resources. The plant needs to prioritize trying to choose what kind of investments are the best for the plant’s future. The problem is that there is a lack of reliable priority model for investments that consider several different parameters. To solve this issue the goal is to create a useful model that can work as a tool to prioritize projects and investments in an appropriate and reliable way. The study began with a literature review to make the researcher approach the subject and gather the knowledge needed for this study. After this, qualitative semi-structured interviews were made with different managers at the plant, to acquire their expertise and knowledge regarding the selection of criteria and their preferences of how the model should work. The next step was to analyze the old model used at the plant, its strengths, and weaknesses. At the same time, constant discussions were held with the supervisor and his manager but as well with the university, mainly through seminars. When the researcher felt he was ready he started to create the new model. There were 30 criteria included in the model, mainly collected through interviews. The large number of criteria collected were sorted into Volvo’s catchwords SQDCEP (Safety, Quality, Delivery, Cost, Environmental, People). These were decided to function as the main criteria in the model, and all the 30 criteria were called sub-criteria. The model itself originates from a process called the Analytical Hierarchy Process (AHP). It is an established and wellknown methodology to make prioritizations. Its main idea is to compare every single project against each other which makes the method very thoughtful, solid and probably better than other ones. The conclusion is that the model is complete and should work perfectly to be used for Volvo and other companies in the complex manufacturing industry. Furthermore, the criteria chosen for the model should also be applicable for other similar companies to Volvo, as the criteria are not unique.

Place, publisher, year, edition, pages
2019. , p. 82
Series
TVE-MILI ; 19009
Keywords [en]
project selection, project prioritization, project portfolio management, project management
National Category
Other Engineering and Technologies not elsewhere specified
Identifiers
URN: urn:nbn:se:uu:diva-387892OAI: oai:DiVA.org:uu-387892DiVA, id: diva2:1331120
External cooperation
Volvo Group Trucks Operations
Educational program
Master Programme in Industrial Management and Innovation
Supervisors
Examiners
Available from: 2019-07-02 Created: 2019-06-26 Last updated: 2019-07-02Bibliographically approved

Open Access in DiVA

fulltext(4472 kB)28 downloads
File information
File name FULLTEXT01.pdfFile size 4472 kBChecksum SHA-512
15e9db40c7a47ad3becf78e0cd3b949691538010da4fcfb5545a581541a48fd02c6bcd0f361b4f592b21c010601263fbbb04881695ace80c209f3392f1d1af33
Type fulltextMimetype application/pdf

By organisation
Industrial Engineering & Management
Other Engineering and Technologies not elsewhere specified

Search outside of DiVA

GoogleGoogle Scholar
Total: 28 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 191 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf