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...]
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. The Critical Chain method is similar to the Critical Path Method which is in widespread use today … [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...]
Managing the project schedule can be one of the most formidable parts of project management. I've seen more damaged client relationships through this area of project management than any other. Time management is essential to attaining successful projects. The Project Management Body of Knowledge (PMBOK) developed by the Project Management Institute (PMI) contains … [Read more...]
