Constraints, Critical Chain and Project Research Proposal

Excerpt from Research Proposal :

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 instance, they must recognize that the schedules or the financial resources estimated at the commencement of a project are simple approximations, which could easily change as the project evolves.

All in all, with these considerations in mind, one can conclude that the concepts of critical chain and theory of constraints applied to the field of project management stimulate the project manager to recognize the existence of constraints to the completion of the project, to plan and manage the project based on resources and to ensue that these resources are flexible and easily manageable.

References:

Goldratt, E.M., Cox, J., 1992, the Goal: A Process of Ongoing Improvement, 2nd Edition, North River Press

Goldratt, E.M., 1997, Critical Chain,…

Sources Used in Document:

References:

Goldratt, E.M., Cox, J., 1992, the Goal: A Process of Ongoing Improvement, 2nd Edition, North River Press

Goldratt, E.M., 1997, Critical Chain, North River Press

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