3-Critical Chain Tutorial/Value Earned Problems

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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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Key Elements of Critical Chain
Scheduling a Single Project

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About the author (2010)

Charlene Spoede Budd is a Professor Emeritus from Baylor University, having taught management accounting and project management classes for a number of years. She received her undergraduate degree (accounting major, Summa Cum Laude), and MBA degree from Baylor University (1972 and 1973, respectively), and her PhD from The University of Texas at Austin (1982), where she specialized in the fields of accounting, economics, and finance. She holds the following active professional designations: CPA, CMA, CFM, PMP. In addition, she is certified in all areas of the Theory of Constraints by the Theory of Constraints International Certification Organization (TOCICO). Her research has been published primarily in practitioner journals and she has been awarded three Certificates of Merit for articles published in Strategic Finance. She also has singly or coauthored publications in Industrial Marketing Management (special issue on projects), Human Systems Management Journal, Today’s CPA, The Counselor, and other journals, and many conference proceedings. Charlene has coauthored two accounting textbooks and she and current coauthor, Charles Budd, have published A Practical Guide to Earned Value Project Management, 2nd Edition (Management Concepts, 2010) and Internal Control and Improvement Initiatives (BNA, 2007). She is active in several professional organizations, including the American Accounting Association, Financial Executives Institute, and the Project Management Institute. In addition, she has been a member of the AICPA’s Content Committee and was chair of the Business Environment and Content Subcommittee of the AICPA for the past several years. Currently, she is chair of the Finance and Metrics Committee of the TOCICO. Dr. Janice Cerveny is on the faculty of the College of Business, Department of Management Programs. She has worked primarily in the blood banking and health care industries but now consults and trains many diverse organizations in the Theory of Constraints. She is an Avraham Y. Goldratt Institute “Jonah,” “Jonahs Jonah,” and is certified in the functional-specific applications of TOC for Production (Drum-Buffer-Rope, DBR), Distribution/Supply Chain Management (Continuous Replenishment, CR), Project Management (Critical Chain, CCPM), and interpersonal management skills applications (Management Skills Workshop, MSW). She has had a number of for profit and not-for-profit clients in the South Florida area including NCCI (National Council on Compensation Insurers), Siemens Telecom Networks, Sensormatic Electronics Corporation, Office Depot, the North Broward Hospital District, and Philips Electronics. She has most recently completed a contract with the Veterans Administration in Washington, DC, for clinical practice managers resulting in her editing a book for Ambulatory Care Clinic Managers. Her most recent article (with Dr. Stuart Galup) “Critical Chain Project Management: Holistic Solution Aligning Quantitative and Qualitative Project Management Methods” appeared in Production and Inventory Management [43(3&4):55–64, 2002)]. She is a member of the American Production and Inventory Control Society (APICS), the Decision Sciences Institute (DSI), the American Society for Quality (ASQ), and the Theory of Constraints International Certification Organization (TOCICO). She is recognized by the latter as internationally certified to facilitate implementations of TOC applications and is chairman of the TOCICO Project Management Certification Committee. She received her undergraduate degree from the University of Texas at Austin. Her PhD is from the State University of New York at Buffalo’s School of Management.

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