Dare to finish all your projects on time!
This approach based on the Theory of Constraints (TOC) answers 2 recurring questions:
How to finish your projects on time, within budget, fulfiling the initial scope?
How to accelerate projects (new product developments, non-repetitive productions, software development, construction, …)?
The fundamentals of the approach
Protect the project against uncertainties with the project buffer and make sure to finish all projects on time
Do projects faster
Average
in projects duration*
Manage project execution using the Fever Chart to set priorities and improve synchronisation on a daily basis
Finish more projects
Average
of projects completed per time period*
Improve multi-project portfolio management and anticipate resource conflicts
Optimized output
Average
of throughput*
*Source : “Advanced Multi-Project Management” - 2013 - Book by Gerald I. Kendall & Kathleen M. Austin, p. 95
This diagram helps you understand this simple method:
In traditional planning, finishing late is almost inevitable…
…and yet each task encompasses its own margin to deal with uncertainty and overloads.
The Critical Chain aims at mutualizing the margins and challenging cycle times. The buffer absorbs any delays and protects against uncertainty.
They apply the method
and have achieved remarkable results
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