article thumbnail

Agile Beyond IT: Lean Thinking

The IIL Blog

It traces its roots to Lean, which is also foundational to other modern management theories. Lean’s primary focus is delivering value quickly and eliminating waste. Toyota was a Lean pioneer. Lean is a set of principles. The “House of Lean” is often used as a metaphor. These practices are now universal.

Lean 165
article thumbnail

Lean Construction Principles & Best Practices

ProjectManager.com

There’s more than one way to manage a construction project. From the world of manufacturing comes an approach called lean construction. But lean manufacturing and lean construction are two different things. Let’s explore lean construction, defining what it is and its key principles. What Is Lean Construction?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is Lean Portfolio Management? A Quick Guide

ProjectManager.com

Having many projects to manage in a portfolio can be daunting. There are many ways to do this and one of which is lean portfolio management. Let’s first define lean portfolio management and then delve into how it works. This will give you an idea if it’s the right strategy to execute your portfolio management.

Lean 331
article thumbnail

Lean Startup and Scrum

Scrum.org

I remember the first time I heard about Lean Startup. A member of the audience asked, “What do you think about Lean Startup?”. Honestly, I had not heard of Lean Startup. After the conference, I bought Eric Ries’s book - Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses.

Lean 232
article thumbnail

9 Steps to Managing Risk for Your Projects

LiquidPlanner

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations.

article thumbnail

Risk Mitigation: Agile Usable Products vs Documentation in Traditional Project Management

Scrum.org

As the software development landscape evolves, evaluating the time-tested traditional project management strategies alongside the burgeoning agile methodologies is essential. TL;DR: Agile's emphasis on incremental development with working software mitigates risks efficiently by validating real-world use early and continuously.

article thumbnail

Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.