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Project Management & Agile · Foundational

Lean Thinking

Management philosophy derived from the Toyota Production System focused on maximizing customer value while minimizing waste.

Definition

Womack and Jones describe five principles: identify value, map the value stream, create flow, establish pull, and pursue perfection.

Example

A team removes approval hand-offs that add delay but no customer value.

Exam tip

Five Lean principles in order: value, value stream, flow, pull, perfection.

Related terms