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Importance of Lean Project Management

   

Added on  2023-03-21

13 Pages3677 Words30 Views
Running head: MEMO
Lean project management
Name of the Student
Name of the University
Author’s Note
Importance of Lean Project Management_1
1
MEMO
Memo
To: The staffs
From: Board of directors
Cc: File
Date: 17-05-2019
Re: Importance of Lean project management
Initial reason of implementing Lean project management
The paper mainly reflects on one of the major PM consultancy that wants to undertake
government works but are generally informed that they require to reflect on the utilization of
Lean project management based principles for undertaking the project work. According to
Sunder (2016), lean project management is defined as the procedure that applies the lean
concepts including the lean construction, lean thinking, lean manufacturing that are related to
project management. Therefore, the board of directors generally requires to introduce the lean
project management based principles within the future projects for properly evaluating the
eligibility of the entire government work. Furthermore, it is found that there a number of other
reasons, due to which also the principles of lean project management are generally implemented
(Brioso, 2015). The lean PM method mainly utilizes data driven related methodologies for
managing the entire projects by properly focusing on continuous work that will further be helpful
in improving the entire procedure. The approach steps in context to lean management that
Importance of Lean Project Management_2
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MEMO
generally emphasizes quality, empowered team, undertakes data analysis as well as assist in
improving the customer value. In addition to this, it is found the waste is generally eliminated
with the help of proper utilization of employee time, materials as well as various types of
financial resources.
Benefits gained by the stakeholders with the implementation of LPM
The benefits that are achieved by the stakeholders of the consultancy organization with
the implementation of lean project management are illustrated below:
Greater visibility: The most important as well as major component of the lean as well
as visual work management is that it helps in increasing the visibility of the project stakeholders
that further helps in improving the work progress by prioritizing the project tasks, term plans as
well as risks and status of the project (Sohi et al., 2016). Moreover, the team members as well as
other stakeholders can be able to get more information about the project.
Greater control: Knowledge is mainly considered as power and due to process access of
the knowledge, the team members can be able to properly manage the resources as well as risks
of the project quite effectively. The project team members are mainly empowered with the help
of the knowledge and can be able to make appropriate decisions that further results in much more
agile as well as appropriate development of the system for accomplishing the project goals.
Better products: With the help of the principles of lean project management, it is found
that more number of control options will be available that will further be useful for the project
stakeholders as they can be able to meet the goals as well as objectives of the project for the
delivery of the products to the different customers (Ansah, Sorooshian & Mustafa, 2016). When
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MEMO
proper knowledge about the needs of the customer are required then proper control can be
achieved over the development system for delivering proper quality of products.
Faster project: With the help of LPM principles, it is found that the stakeholders can be
able to know about proper knowledge related with the development system of the products that
further helps the stakeholders to make appropriate decisions that is good for the business in a
very much less time so that the entire project can get completed quite effectively for successfully
accomplishing the project goals as well as objectives.
Better resources: The project stakeholders generally achieve benefits due to the
availability of proper resources for the accomplishment of the project (Dave, Kubler, Främling &
Koskela, 2016). In addition to this, it is found that it is quite easier to proper acquire the
available software based tools, spare parts as well as people who will generally work with the
project for achieving benefits.
Increases employee collaboration: Lean project management principles mainly helps
increasing collaboration within the project team. It is mainly found that proper management of
the lean project mainly involves empowerment of all the teams who generally contribute within
the entire continuous procedure so that issues related with collaboration can be resolved quite
effectively (Brioso, 2015). One of the best way to achieve proper streamlined as well as open
collaboration within the project stakeholders with the help of proper tools as well as software
that generally helps in providing the facility of proper communication as well as problem
solving.
CSF needed within the organization for successful implementation of LPM
Importance of Lean Project Management_4

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