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How the Critical Chain Approach works and adds value in project Management?

Started by : Manoj Raj, Project Lead, HP   11 14 2008 14:04:18 +0000
Industry : Management & Strategy ConsultingFunctional Area : Project Management(Technology)
Keywords : Project Management Strategy Projects Works Value Approach Adds PROJECTMANAGEMENT Critical Chain CRITICALCHAIN
Activity:  21 views;  last activity : 07 06 2010 20:18:09 +0000

The Critical Chain Approach is a way to manage all of an organization's projects holistically. Developed using the Theory of Constraints improvement methodology, Critical Chain puts forward only a few strategic changes in how projects are planned, scheduled and managed.However, these few changes are resulting in claims of tripling the number of projects completed, reducing project cycle times (the project's elapsed time or duration) by 25% or better, and increasing company revenues, What are those specific ways that the Critical Chain Approach works and adds value?
 
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1 Project Task
2 Multitasking
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Project Task

idea posted by Manoj Raj Project Lead, HP
I could say that when you are using the Critical Chain approach, team members are asked to dedicate themselves to a project task, to complete it as quickly as possible and to periodically report how many days are remaining. When planning a project, task times should be estimated much closer to how long the task will take with dedicated resources, rather than elapsed times assuming the organization's current practice of assigning resources to work on several tasks at once.
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Multitasking

idea posted by Bhushan Patil Project Lead, Birlasoft Limited
See when it comes to multitasking, Bad multitasking is significantly reduced, permanently. The reduction of bad multitasking goes hand in hand with reducing task estimates to dedicated elapsed times and having people complete tasks before starting new ones, as much as possible.
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Secure

idea posted by Balkrishna Gupta Project Lead, Infosys
Benefits of Critical Chain will be secured permanently for the organization with the implementation of a performance measurement system, policies and education that are in keeping with the Critical Chain Approach.
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