In many areas of life there are multiple ways to accomplish a goal, and project management is no different. At its most basic level, project management is the organization of people to accomplish a task. Humans have been successfully performing complex projects, like the ancient pyramids of Egypt, for thousands of years however today the processes and methods are … [Read more...]
The Critical Chain Method is a relatively new concept in project management. It was developed and popularized by Dr. Elihayu M. Goldratt in his book Critical Chain (1997), which is written as a novel but outlines the methods used to ensure that projects complete on time. Critical Chain vs. Critical Path The Critical Chain method is similar to the Critical Path Method … [Read more...]
The Theory of Constraints relates any complex system, such as a manufacturing plant, to a set of one or two constraints which fix the upper limit on its performance. It seeks to manage those constraints to maximize the performance of the plant. The Theory of Constraints was developed by Dr. Eli Goldratt and first published in his book The Goal in 1984. … [Read more...]
If I told you to change a light bulb and you had two hours to do it, you would probably spend most of the two hours. You'd assume I thought you needed to go the store, or that I wanted it done a certain way, and that I've thought hard enough about it that you should take the two hours. In project management, this human phenomenon, that work tends to fit into the space … [Read more...]
