Lean is an iterative agile methodology which own much of its principles and practices of Lean Manufacturing approach also known as ‘just in time production’ pioneered by Toyota.
Lean management integrates all processes and operations into a single system where less labor, capital, time, workspace, and technology are spent on producing more valued products and services, with fewer defects.
This approach is also great in project management where higher customer value drives project success.
7 principles of Lean
- Eliminating waste
- Amplifying learning
- Deciding as Late as possible
- Delivering as Fast as possible
- Empowering the team
- Building integrity in
- Seeing the whole
Lean methodology is close to Six Sigma approach. Companies often combine both approaches into a single project management methodology to respond to ever-changing customer needs and manage production and development processes with high quality, low cost, and with minimised throughput times.
Six Sigma can be defined as a project management methodology that determines how to improve the quality of products or services produced by a business organization through the removal of defects and errors. The method involves developing a business management strategy which is then implemented by groups of people within the same organization who are experts in various knowledge areas. Each expert group carries out the allocated job in an effort to complete the entire improvement project and meet the financial milestones.
Lean Six Sigma project management makes it possible to address customer requirements at the lowest possible level, while resource waste is minimized and product value is maximized.
In truth, traditional PM and Six Sigma cycle have many similarities, for example: both focus on identifying problem areas, developing feasible solutions, allocating resources, setting priorities, others. However, there are distinct differences. Below on the picture you can see the comparison by such parameters as Scope, Schedule, Cost, Objective, Deliverables, Body of Knowledge.
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