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Read about critical chain project management and how ccpm will help you improve business

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An In-depth Look At Critical Chain Project Management

Projects are notorious for going over-budget and overrunning schedules. While some project managers may just pass off this phenomenon as routine or due to unforeseen or uncertainty, the truth is that is due to poor project management that does not schedule properly or take uncertainty into account. So what is the solution in this case? The answer to that is Critical Chain Project Management

 What is Critical Chain Project Management?

Critical Chain Project Management or CCPM is a tool that uses the Theory of Constraints to develop and execute efficient project schedules. The unique optimisation process helps project managers identify which tasks require prior input and which can impact the project end date. The critical chain is the longest sequence of tasks that are dependent on each other for project completion.

 Unlike other project management systems that calculate the end date on basis of the time required for the project to complete, Critical Chain Project Management sets up the entire project schedule by back-calculating from the project end date. The process focuses on the resources required for the project and keeps them level. Other features of this management solution are that it does not allow for multitasking and that all tasks that do not have any preceding tasks are begun as late as possible in the project.

 What truly sets CCPM apart though is in its management of buffer time. In a traditional project management scenario, all the tasks in the project are padded with buffer time to ensure their timely completion. CCPM strips away this buffer time and pushes tasks to be completed in the shortest time possible. This time is then taken and added as buffers in strategic points in the production process. There are essentially four types of buffers:

 •   Feeding buffer: This is the buffer that is inserted between the last task on a non-critical chain and the critical chain. They prevent delays on the non-critical chain from affecting the critical chain.

•   Project Buffer: This buffer is used to protect the project completion date and prevents the project from overshooting its deadlines. It is inserted at the end of the project between the last task and the completion date.

•   Resource Buffer: These are put in place to ensure that the critical chain does not starve due to lack of resources. This buffer ensures that all the critical resources such as people and equipment are available whenever required.

•   Capacity Buffer: To be used in case of unpredicted budget issues, this buffer is used to keep the necessary resources on hand.

 So now that you know what is Critical Chain Project Management, it is time for you to implement it in your own projects and ensure a timely, on-scope and within budget completion!

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Read the article to know why drum buffer rope concept is important for improving business.

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Check out article on Drum Buffer Rope: Resolving the Capacity Utilization vs Reliability Conflict in Manufacturing Schedules by VectorConsulting group.

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Read the article to understand how can supply chain management be used in Fashion Industry.

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Read about critical chain project management and how ccpm will help you improve business

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Read the article to know about OEM and spare parts strategy for OEMs in Automobiles Sector

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The firm is an implementation-focused unit that creates market differentiators for its partners by building capabilities in supply chain and operations.