Your company wishes to adopt Lean Thinking for future projects which is a set of principles that work to

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Lean Thinking focuses on delivering maximum value by removing waste from processes and pursuing ongoing improvement. The best option captures this by saying waste is eliminated and new opportunities are created through continuous improvement. That continuous improvement idea—kaizen—drives ongoing, small changes that steadily enhance speed, quality, and cost effectiveness, which is at the heart of Lean. When waste is eliminated, there’s more capacity and flexibility to pursue better ways of working and to respond to customer needs.

The other options aren’t aligned with Lean focus. Lean isn’t driven by approved documentation as the main mechanism, and terms like reusing or converting waste, or relying on development cycles, don’t reflect Lean’s emphasis on waste elimination and continuous improvement.