Lean Project Management: Identifying Problems and Implementing Solutions

LEAN PROJECT MANAGEMENT
Leading Lean Project
Name of the Student
Name of the University
Author Note:

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LEAN PROJECT MANAGEMENT
Table of Contents
1 Introduction...................................................................................................................................4
2. Identification of the problem.......................................................................................................4
2.1 Project Management Body of Knowledge (PMBOK)...........................................................4
2.2 Waterfall project management methodology.........................................................................5
2.3 PRoject IN Controlled Environments 2 (PRINCE 2)............................................................6
2.4 Agile Practice.........................................................................................................................6
2.5 Lean Six Sigma (DMAIC Methodology)..............................................................................7
2.5 Kanban...................................................................................................................................7
2.7 Organizational Project Management (OPM).........................................................................8
3 Risk Management Plan.................................................................................................................8
3.1 Risk Register..........................................................................................................................8
3.2 Qualitative Risk Analysis....................................................................................................10
3.3 Risk responses.....................................................................................................................11
3.4 Risk responses implementation...........................................................................................12
3.5 Monitoring of risk responses...............................................................................................13
4 Leadership style appropriate to bring about the change.............................................................13
4.1 Paternalistic leadership........................................................................................................13
4.2 Strategic Leadership............................................................................................................14
4.3 Situational Leadership.........................................................................................................15
5 Conclusion..................................................................................................................................15
6. Reference...................................................................................................................................17

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LEAN PROJECT MANAGEMENT
1 Introduction
The foremost determination of the paper is to focus on an Australian business
organization known as the Australian Engineering Works Private Limited (AEW). This business
organization has an improved market position for the last 30 years. However, like every other
business organizations, this organizations are also facing serious challenges from the external
stakeholders of this organization such as their suppliers and the customers. The emergence of the
new business organizations is a serious concern for this organization considering the growth and
productivity of the organization (Alharbi, 2017). The experienced senior employees of this
organization are opting out from the organization and joining the new players in the market as
they are providing them better career opportunities considering AEW. The customers of this
organization are also evaluating options from the other similar organizations. This report will be
helping the senior management team of this business to deal with the challenges in a better way.
2. Identification of the problem
The numerous problems associated with AEW such as the sudden rise of the new
suppliers, consumers opting for alternate services, retention of senior experienced employees,
emergence and rise of new organizations with improved business strategy and market
competition.
2.1 Project Management Body of Knowledge (PMBOK)
Forecasting of the financial needs of the project, organizational behaviour of the
employees and the other kinds of planning methods used in the projects are considered in this
project management category (Amanchukwu, Stanley & Ololube, 2015). The most essential
components of PMBOK is the ITTO which is the input, techniques, tools and outputs.
Considering the given scenario, it can be said that the issues faced by AEW can be
purposefully managed with the help of PMBOK. All the essential inputs of this from which can
come from the management team, project managers will be considered as the input criteria of the
PMBOK (Arnold et al., 2015). The industrial tools and techniques which are used to deal with
the inputs falls under the category of the tools and techniques. The end results of the techniques
are considered as the outputs of the project. The process groups of this project are initiating the
change from the management team, planning by the project managers, executing by the

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stakeholders of the organization, monitoring and control by the senior management team, closing
by the project manager when the desired results are obtained.
2.2 Waterfall project management methodology
It is defined as the project management methodology which can be successfully applied
in business organizations to deal with each phases of a project starting from the documentation
phase to the maintenance phase. Each phase of the project cannot be rolled back under the
principles of waterfall management (Asrar-ul-Haq & Kuchinke, 2016).
Considering the given scenario, new and innovative business strategies should be created
and implemented carefully, waterfall management can be used for this project. The plan of
making the new change should be well documented. Implementation of the change considering
the opinion of the external stakeholders of the organization is the most significant aspect of this
project management methodology in this project (Bascoul, Tuholski & Tommelein, 2016).
Maintenance of the new changes should be also done as the market position of this organization
will not be the same even after new changes are implemented. Each phase of this project should
be approved by the concerned stakeholders so that the future complexities can be avoided.
2.3 PRoject IN Controlled Environments 2 (PRINCE 2)
It is defined as the type of project management methodology which can be successfully
used in business projects which are process driven in nature.
The discussed elements of the PRINCE 2 can be successfully used in Australian
Engineering Works Private Limited so that the desired changes can be brought in the
organization. The complication of the PMBOK can be successfully resolved with the help of the
PRINCE 2. The issues such as the emergence of the new suppliers and changing needs of the
consumers of this organization can be purposefully solved with the help of the principles of
PRINCE 2. This structured methodology can be used to retain the senior experienced employees
of the selected organization as this project management technique can be used on those
employees to make them understand their roles and career growths in the industry.
2.4 Agile Practice
It is defined as the category of project management technique which is used in
complicated projects where the conditions of the projects keep on changing along with the needs