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Software developers, construction companies, merchant banks, pharmaceutical manufacturers and many other types of companies have changed how they manage projects. The reason? A dramatic change in project management has reduced project duration by up to 50% in many cases! Critical Chain, a new application of the Theory of Constraints (TOC), has produced phenomenal and tangible results in project management.

Are you trying to reduce the time required to launch new products? Do your projects often run over budget? Does the project schedule often slip? Do your projects always seem to require last minute disaster control to meet established due dates? Are you tired of believing that your project is 90% complete, only to find that completing the last 10% took as long as the first 90%? Or do you often have to downsize the scope of projects in midstream because of budget and schedule constraints? It is exactly these frustrations that Critical Chain resolves.

In the last 40 years, nothing much has changed in project management. Traditional project management has relied on four fundamental assumptions. They are:

• If tasks are well managed, the project is well managed
• Critical Path is a valid approach to determining project duration
• Managing tasks is more important to project success than managing resource availability
• Delays in one part of the project can be made up in another part of the project

Unfortunately, all four of these assumptions are invalid!

How does Critical Chain do things differently? By focusing on the global success of the project, rather than the individual tasks, everyone is working to the same goal. By introducing new concepts such as project buffers, feeding buffers, resource buffers and a new way to establish the truly important focal points in a project, projects can be managed so much better. The changes Critical Chain brings to project management not only significantly reduce project duration, they have allowed management to guarantee virtually 100% due date delivery performance. The bottom-line impacts of Critical Chain have been tremendous.

• New Product Development
• Scientific Research
• Information Technology Projects
• Software Development
• Drug Development
• Construction
• New Company Launches
• Manufacturing or Repair of Large or Complex Items (Airplanes, Large telescopes, etc.)
• New Facility Roll-out
• Maintenance Shutdowns
• Job-Shop Manufacturing
• Engineer to Order Manufacturing
• Consulting Projects

Project Managers, Project Schedulers, Development/Product Engineers, Resource Managers, Program Managers and Senior Managers with a keen interest in improving project performance.