What Does MVP Stand For? It’s Not What You Think.
October 7, 2024
Article
(100 reviews)
Recommended experience
Intermediate level
(100 reviews)
Recommended experience
Intermediate level
Add to your LinkedIn profile
33 assignments
Add this credential to your LinkedIn profile, resume, or CV
Share it on social media and in your performance review
The course focuses on teaching students how to successfully analyze a business process, research methods of improving a process, and adapt/integrate the improvement. methods into the business process in a prioritized and actionable manner. The goal of the course is to expose students to a universal set of business processes and provide them with a formal approach to improving and monitoring the health of those processes that they can apply in a current or future opportunity.
Welcome to Operations and Process Management! The course focuses on teaching students how to successfully analyze a business process, research methods of improving a process, and adapt/integrate the improvement methods into the business process in a prioritized and actionable manner. The goal of the course is to expose students to a universal set of business processes and provide them with a formal approach to improving and monitoring the health of those processes. Module 1 presents an overview of a six-step process improvement methodology. Lesson one will review the overall model and focus on defining the problem. Lesson two is a detailed discussion of the As Is and Should Be processes to help understand the current and desired states. Lesson three is understanding how to prioritize gaps, create business-ready action plans and use key performance indicators to measure and monitor changes.
10 videos5 readings4 assignments1 discussion prompt
This module will compare and contrast quality models. It will also discuss the use of qualitative and quantitative tools to analyze the As Is process. Lesson one will review Six Sigma, ISO and Baldridge models to understand quality, policies and procedures and process excellence frameworks. Lessons two and three will review reengineering tools like Affinity Diagrams, Pareto Charts, Cause and Effect Diagrams, and Control Charts. These tools are mutually exclusive and collectively exhaustive to help diagnose the current state of a process.
8 videos4 readings4 assignments
This module discusses that process mapping is not a flow chart but rather the inputs, activities and outputs that create a process. During this module we also cover the use of historic data to understand the As Is environment better and how to leverage performance measures to monitor changes once made. Lesson one is dedicated to process mapping and covers keys to effective interviewing as it is central to mapping a process. Lesson two reviews a model to collect and use historic data. The third lesson presents an approach to creating performance measures and effectively using them.
9 videos5 readings4 assignments
This module will review why it is important to balance operational efficiency with business risk. It will also discuss how operations management are a series of projects that must be managed. In Lesson one risk management is covered and reviews the adverse impacts risk can have on business processes. In the Lesson two project management practices are reviewed and attributes of the ideal project manager is revealed. Lesson three is a case from the finance and accounting function going through the full process methodology to see it work in action.
8 videos4 readings4 assignments
This module uncovers leading operational process audit techniques used by real-world practitioners. The first lesson is a review of multiple topics like customer orientation, business requirements, cost management and a focus on simplicity. The second lesson is a fun review of the prior lessons' concepts in the form of an engaging game. The third lesson is another detailed case study, this time from the marketing function, that will review the process methodology in detail via a real-world example.
8 videos4 readings4 assignments
This module is about action plans and change management. In the first lesson action plans are explored. These plans are not only mini project plans but a business case to turn an idea into an action. The second lesson covers change management and that is understanding the human side of improvements. It covers practices to prevent creating a toxic culture that can sometimes envelop operational changes. The third lesson is an exercise along with a detailed case using the HR function as a way to further illustrate class concepts in real-world scenarios.
9 videos4 readings4 assignments
This module is about quantifying the business impact and financial value of operational changes. The first lesson is defining value and presenting the ROI Process model to quantify value. The second lesson provides an in-depth case example of the ROI Process in action. It will go through mechanical computations to estimate, isolate and adjust numbers to create an ROI. The third lesson is exercises you will work on to ensure you fully understand how to use the ROI Process model.
9 videos4 readings4 assignments
This module begins with a discussion of operations trends including resiliency, agility and sustainability. As the module progresses to the second lesson more details are reviewed around emerging technologies and how these can be excellent enablers for operational and process changes. Technologies like AI, IoT, Blockchain, Digitization, and Robotics will be covered. The final module is a review of major teachable moments from our course recapping the model, change management, action plans, Risk, ROI, project management and other concepts.
9 videos4 readings4 assignments
This module contains the summative course assessment that has been designed to evaluate your understanding of the course material and assess your ability to apply the knowledge you have acquired throughout the course.
1 assignment1 plugin
We asked all learners to give feedback on our instructors based on the quality of their teaching style.
Illinois Tech is a top-tier, nationally ranked, private research university with programs in engineering, computer science, architecture, design, science, business, human sciences, and law. The university offers bachelor of science, master of science, professional master’s, and Ph.D. degrees—as well as certificates for in-demand STEM fields and other areas of innovation. Talented students from around the world choose to study at Illinois Tech because of the access to real-world opportunities, renowned academic programs, high value, and career prospects of graduates.
Northeastern University
Course
Fundação Instituto de Administração
Course
University of Pennsylvania
Course
Coursera Project Network
Course
This course is part of the following degree program(s) offered by Illinois Tech. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
This course is part of the following degree program(s) offered by Illinois Tech. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
Illinois Tech
Degree · 12-24 months
¹Successful application and enrollment are required. Eligibility requirements apply. Each institution determines the number of credits recognized by completing this content that may count towards degree requirements, considering any existing credits you may have. Click on a specific course for more information.
100 reviews
85.14%
10.89%
0.99%
0%
2.97%
Showing 3 of 100
Reviewed on Nov 28, 2024
The instructor was fantastic and the course material was very useful!
Reviewed on Jul 30, 2024
Great course and instructor! Real life applications covered in this course are useful in practice.
Reviewed on Aug 31, 2024
It was such a thorough course giving so much of insights on different angles of leading a business. A must for every operations manager to attend.
Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription
Earn a degree from world-class universities - 100% online
Upskill your employees to excel in the digital economy
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
You will be eligible for a full refund until two weeks after your payment date, or (for courses that have just launched) until two weeks after the first session of the course begins, whichever is later. You cannot receive a refund once you’ve earned a Course Certificate, even if you complete the course within the two-week refund period. See our full refund policy.
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work.
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.
These cookies enable the website to provide enhanced functionality and personalization. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.