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Showing results for tags 'Lean Six Sigma and Project Management'.
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Project Management is the application of a set of principles, methods, tools, and practices that enable the project manager to plan, organize and deliver projects with acceptable quality on time and on budget. Project Management is typically undertaken for medium to large projects where this is a substantial risk of project failure such as cost over-runs, delays, poor deliverables etc. Project Management (PM) works with a known set of resources and plans for the activities required to deliver the project. The biggest issues in PM are identification of the right activity durations due to resource constraints, managing risks, getting the resources to execute per plan, communication of issues and project progress, and generally managing expectations of all key stakeholders. PM can benefit from application of Lean by stabilizing and standardizing the processes used to complete activities, elimination of NVA activities, deploying pull type systems to manage work-in-process inventory, making progress visual, and making the work flow through the company to reduce overall lead time for project completion. PM can benefit from application of Six Sigma by launching Six Sigma projects to identify root causes of why projects are not being delivered on time and fixing these problems. PM can benefit from the rigours of Six Sigma in the area of establishing baselines, appropriate project metrics that include leading and lagging indicators, using tools to come up with the best solution, putting controls in place to sustain solution etc. The above was a very brief write-up and I am sure there are several other issues not mentioned above. What are your thoughts on this topic?