2-The Problems with Project Management

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McGraw Hill Professional, Apr 8, 2010 - Business & Economics - 1216 pages
The definitive guide to the theory of constraints

In this authoritative volume, the world's top Theory of Constraints (TOC) experts reveal how to implement the ground-breaking management and improvement methodology developed by Dr. Eliyahu M. Goldratt. Theory of Constraints Handbook offers an in-depth examination of this revolutionary concept of bringing about global organization performance improvement by focusing on a few leverage points of the system. Clear explanations supplemented by examples and case studies define how the theory works, why it works, what issues are resolved, and what benefits accrue, and demonstrate how TOC can be applied to different industries and situations.

Theory of Constraints Handbook covers:

  • Critical Chain Project Management for realizing major improvements in delivering projects on time, to specification, and within budget
  • Drum-Buffer-Rope (DBR), Buffer Management, and distribution for maximizing throughput and minimizing flow time
  • Performance measures for applying Throughput Accounting to improve organizational performance
  • Strategy, marketing, and sales techniques designed to increase sales closing rates and Throughput
  • Thinking Processes for simple and complex environments
  • TOC methods to ensure that services actions support escalating demand for services while retaining financial viability
  • Integrating the TOC Thinking Processes, the Strategy and Tactic Tree, TOC measurements, the Five Focusing Steps of TOC, and Six Sigma as a system of tools for sustainable improvement
 

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Contents

Introduction
13
Traditional Planning and Control Mechanisms in Project Management
14
Brief Review of Project Management Literature
16
Development of Guidelines
19
A Brief Overview of Critical Chain Project Management
36
Brief Review of Critical Chain Literature
38
Summary and Conclusions
39
References
41
About the Author
44
Copyright

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About the author (2010)

Ed D. Walker II, Associate Professor of Management at Valdosta State University, is from Milledgeville, Georgia. He is recognized as a CPIM by APICS and as a Jonah by the Avraham Y. Goldratt Institute and is certified in TOC project management, the TOC thinking processes, and TOC operations management by the Theory of Constraints International Certification Organization. He has a BS in Business Administration and Math/Physics from Presbyterian College and an MBA in Finance from Auburn University. Prior to receiving his PhD in Operations Management at the University of Georgia, Dr. Walker worked in production planning and control, distribution, and plant management in both the food processing and textile industries. He has published over 20 journal and conference articles in the areas of Theory of Constraints, project management, manufacturing planning and control systems, performance measurement, and classroom pedagogy.

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