Lean Project Management: Benefits, CSF, and Training Requirements

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Lean project management
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Table of Contents
Introduction......................................................................................................................................3
Lean Project Management Approach..............................................................................................3
Benefits gained by the acceptance of LPM in project management................................................5
Critical success factors (CSF) associated with LPM.......................................................................6
Training requirements for project members....................................................................................7
Training requirements for individual staff.......................................................................................8
Graph representing the percentage of wastage before implementing Six Sigma..........................10
Graph representing the implementation of Pre and Post Six Sigma for customer satisfaction.....11
Conclusion.....................................................................................................................................11
References......................................................................................................................................13
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Introduction
Project management is a very important practice that needs to be followed in order to achieve
the project goals under the given conditions. One can find people handling projects in most of
the areas. For example, educational projects in college projects undertaken over by the
government, and projects in companies/organizations. In all these cases, the role of project
management is very essential. In this report, a discussion about the implementation of project
management in organizations has conversed.
Every organization follow certain steps in managing projects. This involves initiating the
project, planning, executing, close monitoring and controlling, and closure of the project. Most
companies fail to deliver projects on time. In such cases, when they sense the inability to submit
or close the projects on time, they tend to add extra resources that may lead to wastage of
resources. This usually happens due to poor planning of the project execution. In order to avoid
wastage of resources, the concept of Lean Project Management (LPM) has been introduced and
applied to project management (Webb, 2017).
LPM uses data-driven methods to execute projects while focusing on the quality, increased
customer value, cross-functional teams, data analysis, and efficiency of resources (employee,
finance, and material).
If one has been made in charge by the Board of Directors of Value Project Consultancy, they are
expected to implement the LPM approach in its operations.
Lean Project Management Approach
First under the necessity to use the LPM approach in the implementation of projects in Value
Project Consultancy. The LPM method will help us attain quality and efficiency in work. This
will result in the availability of resources to work on more projects. The company can accept a
large number of projects without worrying about its execution as everything shall be taken care
of during the planning process. There are a few more benefits of the LPM approach listed below
(Sunder et al. 2016).
Source of information- The LPM approach manages/controls the operations of its project
through a single source of information (Eskerod and Jepsen, 2016). This is because having
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multiple sources to a piece of information can lead to misconceptions and misuse of data.
Working in an environment where data is rendered from a single source will help keep everyone
on the same page. In that case, there will be no miscommunication among the employees, and
any updates about the project will be shared among the teams at the same time. This can be
achieved by creating and giving access to a single system/dashboard where data can be
exchanged with the employees (Brioso, 2015).
Accessibility- The LPM tools are designed in such a way that anybody who has permission to
the system can access information from any location at any time. This will ensure that every
member who is a part of the project is given the freedom to work at any time in order to meet
deadlines.
Understandability- The LPM techniques are easy to understand and follow. Employees will be
able to work efficiently by implementing these techniques. It helps to break down complex
procedures into simple activities. Hence, delivery of projects will not be a tedious process.
Responsive management- Traditionally, the source of communication in project management is
slow and time consuming. This latency can be fixed through LPM where the management is
immediately notified about any changes or progress in a project (Sohi et al. 2016).
Large inventory- The lean management maintains a large database from where the team
members can access data of the present as well as past projects. This will help team members to
identify solutions to their project by browsing other similar projects done in the past.
Ease of administration- Managers often find it difficult and time consuming to juggle between
projects for a status update or any other information related to it. Lean management will help
solve this issue of monitoring the operations and feasibility of projects. By providing a single
dashboard to store information about the projects, managers will be able to give attention to the
projects one at a time and also detect any delay in the delivery of projects (Ramazani and
Jergeas, 2015).
The other reasons to inculcate the LPM approach are increased productivity and quality, cost
reduction, huge profit, low inventory cost, customer satisfaction, time efficiency (Orzen et al.
2016 ).
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