Project Management Methodologies: Six Sigma and Lean Manufacturing

BSS0496 Project
Management Practice

Contents
INTRODUCTION...........................................................................................................................................3
BACKGROUND.............................................................................................................................................3
1st Project Management Methodologies (Six sigma)...................................................................................4
Pros/cons.................................................................................................................................................4
Challenges/benefits..................................................................................................................................5
KPIs that can help enhance best practice.................................................................................................6
Analysis/discussion.................................................................................................................................6
2nd Project Management Methodologies (Lean Manufacturing).................................................................7
Pros/cons.................................................................................................................................................7
Challenges/benefits..................................................................................................................................8
KPIs that can help enhance best practice.................................................................................................8
Analysis/discussion.................................................................................................................................9
CONCLUSION.............................................................................................................................................10
REFERENCES..............................................................................................................................................11

INTRODUCTION
Projects are critical to a corporation's overall success. Employers expect project teams to
execute regularly and quickly, given the heightened competitiveness in modern sectors. Only by
employing excellent project management methods can business primary functions, becoming
speedier, and more economical whenever compared to past outcomes. Project managers plan,
coordinate, and utilize things in order to optimize the player's output and effectiveness.
According to the PMI, a project manager must have a combination of business leadership and
management capabilities qualities in addition to essential technical knowledge to guarantee the
project's successful completion (Meredith and et.al, 2020). This report based on the project
management methodologies which are using by the different organizations for the global
projects. These methodologies are agile methodology, six sigma, lean manufacturing and many
others. In this report discuss about the six sigma and lean manufacturing methodologies. Along
with there are mentioned pros/cons, challenges/benefits and KPI to enhance practices.
BACKGROUND
Six sigma: The original concept behind it technique was to greatly enhance the company's
processes through detecting and eliminating flaws while also enhancing customer satisfaction.
The Six Sigma approach does not include a structure due to its process starts. Rather, it tries to
optimize existing systems and raise an organization's total efficiency and profitability. In these
other terms, Six Sigma is not, at least not in the usual sense, a project management approach. Six
Sigma depends on an established system to simplify current methods instead of specifying what
has to be accomplished, how, and with whom
Lean manufacturing: A concept known as "lean manufacturing" aims to increase efficiency
whilst reducing wastage in industrial processes. Everything which buyers do not think creates
value to and are not prepared to pay for is considered waste. Lean manufacturing has several
advantages, some of which include shorter lead times, lower operational expenses, and higher
quality products. Companies from a variety of industries can enable the practice of lean
production, commonly referred to as lean production or lean (Maheshwari, Gautam and Jaggi,
2021).