Tradititional Management Approach vs. Last Planner Ststem

Please explain to me the following questions about the traditional management approach and the last planner system in construction industry:

1. Explain the traditional management approaches that can be used to deal with time, quality and cost in construction industry and explain to what extend they can be solved or mitigated.

2. How could the last planner system assist decision makers in solving the above problems and improve the traditional management approaches in construction industry?