transcript
show notes
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- Lean is a holistic philosophy for maximizing customer value, not just a tool for eliminating waste.
- The seven types of waste (defects, overproduction, waiting, etc.) are frequently tested in CAPM scenarios where you must identify them.
- The principle "Decide as late as possible" is about deferring irreversible decisions to the last responsible moment to maximize flexibility, not about procrastination.
- "Build integrity in" means quality is the entire team's responsibility throughout the process, which contrasts with traditional, end-of-phase quality inspections.
- Exam questions will test your ability to "see the whole" system and recognize that optimizing one part of a process at the expense of the overall project flow is a violation of Lean principles.
For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
