Critical Chain Project Management

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Journal Article Presentation: Steyn, H. (2002). Project management applications of the theory of constraints beyond critical chain scheduling. Key Message of the Presentation: 1. Application of Theory Of Constraints to scheduling of a single project to reduce project duration and simplify project control (Critical Chain) 2. The importance on product life cycle as opposed to the project life cycle in decision making 3. Basic principles to application of TOC in concurrent projects: to manage shared resources, cost management and risk management Takeaways: 1. Understanding and appreciation of the Theory of Constraints and its practical applications in the field of project management 2. Discussion on the TOC application in other project management areas

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Presented at Big Apple Scrum Day on June 1, 2015 by Joyce Dostale and Jeffrey Davidson From the conference program: Executives believe starting their project NOW means it will end sooner. Unfortunately, starting one more project costs dramatically more than waiting. Sharing limited resources causes all the projects to sub-optimize. Multitasking is costing your organization a fortune! Are you tired of being time-sliced across too many projects? Learn how value decreases when you work on many projects at the same time and increases (!) when you focus and deliver on a single project. Come, play a game based upon ideas from Critical Chain Project Management, Lean, and Agile. Take part and help us illustrate the power of focus on your project portfolio management. REFERENCES: Eliyahu Goldratt, “Critical Chain”, North River Press, 1997 Clarke Ching, Rolling Rocks Downhill; Accelerate AGIILE with Goldratt’s TOC http://www.rolls.rocks/ccblog/2014/8/7/rolling-rocks-downhill-still-coming Critical Chain Concepts (A tool promotion paper, but very well-written summary of Critical Chain concepts) http://www.civiles.org/publi/Gestion/Critical-Chain-Concepts.pdf Lecture from MIT (Gives case study from ITT) http://web.mit.edu/2.742/www/sylabus/3_14.pdf

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Do you often face resource and budget constraints, but are often asked to complete your projects faster by sponsors and customers? Are projects frequently under crisis, where due dates are missed and overtime is required to get things done? Are many projects constantly in red status? Do you believe that your organization could achieve higher levels of success if these issues were solved? This presentation by Joe Cooper provides insights into Critical Chain Project Management (CCPM) which improves project speed, quality, and on-time performance. We will cover many pain points such as unrealistic due dates, missed project due dates, scarce resources, the inability to establish highly achievable finish dates, lack of realistic task estimates, low team morale due to work overload, and situations where PMs are forced by project sponsors to speed up projects. Lack of focus and inability to manage uncertainty are two significant causes of project delays, diminished quality requiring rework, and projects that take too long to complete. By addressing these root causes, CCPM techniques improve project speed, quality, on-time performance, and work-life balance. Reducing nonproductive multitasking enables high-speed execution, high-quality deliverables, a greater sense of accomplishment, and an increased capacity to think and to innovate for team members and management. CCPM has been adopted by several leading global organizations including Eli Lilly, IBM and Mazda Motors. Now, you could take this innovative approach to your organization as well, with the plan to significantly improve the project management results.

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