The document summarizes key aspects of lean project management. It discusses the seven principles of lean project management which include identifying and eliminating waste, amplifying learning, making decisions at the right time, fast delivery, empowering the team, building integrity, and seeing the whole. It also explains that lean project management focuses on synchronizing workflow to deliver more with less while providing customers exactly what they want. Implementation involves defining and focusing the project, identifying and assessing risks and opportunities, planning risk reduction actions, and ongoing management reviews.

1. Lean Project Management Superfactory ® Lean Enterprise Series

2. Agenda Introduction The Seven Principals The Difference of a Lean Project Lean Project Framework Implementation Summary

3. Introduction Lean Project Management: A process that synchronizes the flow of work to deliver more with less while providing customers with exactly what they want. GOAL Positively impact time, cost, quality, safety and environmental criteria simultaneously without trade-off Create Continuous Flow Eliminate/Reduce Waste

4. Introduction A ‘lean’ system/process/organization is one that is waste free. Lean is not about the size or number of people employed. Seven Principles Lean Project Management Identify and eliminate waste Amplify learning Make decisions at the right time Fast Delivery Empower the team Build integrity in See the whole

5. Amplify Learning : In any project, it is critical for the team to communicate efficiently and get feedback as fast as possible to learn and respond to customers quickly. Amplified Learning Feedback Iteration Synchronization Set-Based Development Information about the project or process received to enhance performance or control a system or process. Repetition to enhance effective learning and apply what is learned. Keep one element of the project or process in step with another. Develop multiple options Communicate constraints Solutions emerge The Seven Principals

6. Active Risk Management Traditional Risk Management Active Risk Management Risk Management: Focus on setting contingency Produce little action planning or follow-up Active Risk Management: Focuses on planning risk reduction actions Making them happen The Difference of a Lean Project Define + Focus Identification Assessment Planning Management Define + Focus Identification Assessment Planning Management

7. Management Reviews : integrated management framework drives performance management. Lean Project Framework PROJECT REVIEWS Cost Schedule Status Issues RISK BOARD Review Risk Opportunity Exposure Monthly Review Cost Schedule Status Issues Change Board Review Control Change Utilize

8. Planning a Project Implementation Postpone Decision on Refining and Locking Scope Vision Team Budget Iteration Iteration Iteration Iteration Cleanup and Teardown TIME Value Ready for Delivery Timebox for Risk Management Timebox Iterations size depends on % necessary waste (transaction cost of the iteration) Release Free Resources Validation Retrospective Fix Delivery Date