Constraints, Critical Chain and Project

¶ … Constraints, Critical Chain and Project Management in the View of Eliyahu Moshe Goldratt The fact that the business community is changing and evolving is proven by numerous elements, including the growth of the adjacent literature. Academicians, theoreticians and general scholars place an increasing emphasis on the practices of marketing, manufacturing or project management. A notable author, focused on these particular directions, is Israeli physicist turned into business management specialist Eliyahu Moshe Goldratt.

The author is recognized for having introduced numerous concepts to the field of business, some of the most notable such concepts being those of the Thinking Process or the Theory of Constraints. His works are similar in the meaning that they strive to explain his theories and processes, as well as the already established business mechanisms as they relate to one another. Such a goal has been set in his book Critical Chain, in which Goldratt explains the features of the Theory of Constraints in relation to project management.

The concept of a Theory of Constraints was introduced in one of Goldratt's previous books, entitled the Goal (1984). The work is far from a regular book on business, but is in fact a novel which captures the attention of both economics specialists and novices. Throughout its pages, the author argues the existence of several constraints which prevent the economic agent from fruitfully and efficiency achieving its desiderate.

He also points out to the need of identifying the constraint, or constraints, and then reorganizing the company in such a means that the respective element no longer poses threats to the accomplishment of the pre-established goals. Similar to the Goal, Critical Chain is also a novel, targeting as such a combined audience formed from novice and specialized economists. Throughout its pages, Goldratt introduces the reader to struggling Professor Rick Silver, who is presented with the opportunity to advance his career through the teaching of an Executive MBA class.

While teaching the course, Silver engages in open conversations with his students and they develop the concept of critical chain. The main idea is similar to that introduced in the Goal in the meaning of recognizing the existence of constraints and the necessity of reorganizing the firm in a means that its chances of attaining its goals are increased. What is however new is the realization of a connection between the theory of constraints and project management.

Eliyahu Moshe Goldratt takes an innovative approach to project management and sustains that planning tasks should not be based on internal requirements and schedules, but rather they ought to consider the resources required to complete the respective project and compare them against the resources available within the entity. Furthermore, in planning projects, managers must remain aware of the changing nature of their resources and planning elements. For.