Project management has the objective of performing the correct projects right so that customers, sponsors, regulators, portfolio managers as well as performers are satisfied. Both a project-centric and organisational perspective is needed in order to create a healthy process.
Bringing value from your customer’s perspective, cutting down on waste, and constantly improving help project managers improve their project efficiency and allows them to deliver more with less.
Whereas traditional project management is structured in a number of different phases, which separate planning from execution, lean project management gives teams the ability to deliver faster by managing their workflow efficiently. It also focuses on delivering value from the customers’ perspective.
What Is Lean Project Management?
The term ‘lean project management’ refers to the application of lean manufacturing principles to the practice of project management.
The ultimate aim of lean project management is to maximise value while, at the same time, minimising waste.
Lean manufacturing principles were established by Toyota in the 1950s. These were applied in the 1970s in order to combat the energy crisis. The term “lean” was created in the late 1980s.
The Type Of Waste Identified By Lean Manufacturing Fundamentals
Lean manufacturing identified three types of waste: muda, muri and mura. These are collectively known as 3M:
- Muda refers to activities that consume resources without providing additional value
- Muri refers to overuse of equipment or employees
- Mura is operational “unevenness,” which decreases efficiency and productivity in the long term.
Lean project management aims to reduce 3M within the project process.