This report provides a comprehensive analysis of implementing lean project management principles to construct a dream home, addressing key aspects such as suburb selection, land size determination, builder selection, and stakeholder management. The report leverages the Keystart initiative in Western Australia as a case study and applies PRINCE2 guidelines to define project management processes, including planning, design, and layout. The report details how lean methodologies, like value stream mapping and standardization, can be used to optimize the project, reduce waste, and improve overall efficiency, focusing on achieving project goals within budget and on schedule. The report also highlights the importance of stakeholder management, including business sponsors, users, and suppliers, and emphasizes the application of lean principles in construction to enhance client value and resource utilization. Furthermore, the report provides a detailed explanation of how to achieve lean project management for this initiative, highlighting the benefits of lean construction management such as flexibility, adding client value, and compelling analysis of working methods.