Reduction in Cost
The aim of every business is basically profit maximization with little inputs. Though, the actual selling price of the organization’s products can be influenced by many factors such as the markets, products quality, etc. However, most companies always try their best to reduce their costs through the use of lean project management. This helps in the addition of savings to profit.
Viable Customer Interactions
Lean project management started off with an objective of pleasing the customers, so communication with the staff members has to be top-notch during inquiries and when they also log complaints. You as well want your customers to have the best of experience dealing with you so as to make them return customers.
Lean Project management helps in notifying the staff about possible issues when the surveys carried out on customers are tilting toward a specific direction. This way, they can adjust as early as possible to curtail these imminent concerns.
Push and Pull
It is equally important that the leaders of the organization are paying close attention to how inventory is piling, else the expenses can be inflated. This type of situation can be managed through the use of a pull over a push mentality. It means that the happenings in the earlier processes are being determined by the later production stages.
Another good thing about this methodology is that it saves company from the issue of overproduction, which makes them pay lesser carrying cost.
Lean project management works toward the delivery of improved services through careful paying of attention to every detail. Since the goal is minimize to the barest minimum, defects and errors associated with the whole processes.
With the lean project management, there is optimization within the whole processes to avoid mistakes. This way, it cuts down the time to be taken in remaking the defected products and of course, it reduces the cost.
Improved Organization Culture
The earlier the leadership of any organization understands and implements IBQMI® lean project management, the better for the company culture as staff members begin to see themselves as an integral part of the organization. This makes them consistently want to learn more and be impactful in their own little way. Another wonder that lean project management does is that it creates culture of improvement daily in the organization.
Increase in Staff Morale
Lean project management increases the staffs’ morale through regular communication between the leadership of the organization and the staff members about their work and the process. This makes staff members feel empowered as they get to know what and where to improved upon.
There are tons of benefits associated with adoption of IBQMI® lean project management as the above mentioned points are just a tip of an iceberg.
Establish systemic methods for the elimination of waste within a manufacturing process. Enroll in the Certified Lean Project Manager®