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Project Management Methodlogies

In: Business and Management

Submitted By trivek
Words 1984
Pages 8
Executive Summary
This report analyses the current project management methodologies and the lean system and also explains the importance of the lean delivery system with the advantages and disadvantages comparing to the current methods used in the project management practice.
Projects are completed by project management methodologies and lean management system. Generally Project management methodologies are the various ways in which projects are initiated, planned, and executed unto completion.
For different type of industrial projects and for different types of projects, there are certain specific management methodologies that are currently in use such as the traditional methods or the critical chain method that are to be used.
The Lean Project Delivery System has emerged from the theoretical and practical Investigations, the process of on-going development, reducing the forms of waste in the process to get the desired product with high customer satisfaction.
Introduction
Project:
A project is a unique endeavour to produce the desired product within the specified time given, set of constraints-cost and quality.
Project management:
Project Management: Project management can be defined as the process which is disciplined to involves the skills, tools management and the required management techniques to complete a project successfully
There are some current management methods for project management; one of the main methods is traditional project management method which sorely based on step by step procedure and sequential approach. Lean project management differs from traditional project management not only in the goals it pursues, but also in the structure of its phases, there is a relationship between phases and the participants in each phase. Lean management method was invented to reduce the time consumption, waste and to produce a high quality...

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