Enhancing Project Management Efficiency using Lean Concepts

Abstract

One of the increasing and most significant concerns with projects is that, projects are behind schedule, over budget and show unsatisfactory performance in terms of quality and customer satisfaction. Lean Thinking is important because it can reduce error rates to maximum extent. The evidence from Toyota (Japan) and other companies who have successfully implemented the Toyota Production System (TPS) or Lean Principles confirms this. It also significantly reduces the time taken to deliver new products while substantially reducing cost. This paper first introduces the general overview about Project Management and the Lean Concepts. After that, this paper presents the literature survey and then compares the traditional Project Management, the advantages or opportunities of introducing Lean Principles into Project Management with a Case study.