The Critical Chain Eliyahu M Goldratt
Not what you're looking for?
In the novel "The Critical Chain" Where do you see Dr. Silver taking his new knowledge.
Purchase this Solution
Solution Preview
Critical Chain borrows both the novel format, and TOC. However, in this case, the theory is applied to a project management environment. The Dr. Silver who is teaching a project management course to part-timers from the business world. He is taking his new knowledge, desperately trying to secure tenure and keep up with his wife's expensive spending habits.
The first part of the novel reviews the problems with project management, and the traditional approaches that have been employed to keep projects on time and on budget. Dr. Silver taking his new knowledge suggests that problems most frequently arise related to scheduling. Further, most budgetary problems on projects arise from schedule delays. Delays can result in significant expediting costs to get projects back on schedule. Time that can't be recovered may result in consequential damages (a big hole in the cost budget). Or, it may cost you major amounts in the form of delayed enjoyment of project benefits.
The cause of this phenomenon is not, as one might think, overly optimistic time estimates for the various activities. On ...
Purchase this Solution
Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Learning Lean
This quiz will help you understand the basic concepts of Lean.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations