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Critical Chain in Managing Multiple Projects

LiquidPlanner

Critical Path invented in the 1950s. Critical Chain Method invented in 1997 . We often still over estimate the project timeline. Critical Chain uses common sense considerations that are ignored in most other methods. Critical Chain uses common sense considerations that are ignored in most other methods.

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Why You Should Use Ranged Estimation for Your Projects

LiquidPlanner

I my first 15 years, I used single-point estimation to build project schedules. The next ten years I used ranged estimations with traditional Gantt chart project scheduling software tools – this was better but cumbersome. Ranged estimation has been around since the introduction of PERT and the three-point estimation method.

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The Big Event and it’s Ripple Effects

LiquidPlanner

This was a classic example of an exaggerated ripple effect plaguing planners and project managers across all industries. In a previous blog post , I discussed the dangerous impact of discarding variation in task estimates and dependencies between other tasks or projects. Introducing the Big Event. Recovering from the Big Event.

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Why Use What-If Scenario Planning in Project Management

LiquidPlanner

One of the first ways to do this is to ask these simple questions: How often have your projects finished on time compared to their original estimates? When teams add a reasonable variation from best to worst case estimation, that’s enough to predict the range of delivery with far more confidence. When did you take steps to resolve it?

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What Is Resource Leveling in Project Management?

Teamweek

In this article, you will learn: What resource leveling is When to use resource leveling The key benefits of resource leveling Real-world examples of resource leveling The risks of resource leveling Key resource leveling strategies And more! One common technique that helps project managers handle resources efficiently is resource leveling.

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Know all about your project in one place with Gantt chart

Proofhub

Determine The Critical Chain Critical chain management is a part of project planning which ensures that the projects are delivered on time even if there is a possibility of delays of some tasks. A critical chain is basically the longest chain of dependent tasks.

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Student Syndrome in Project Management: Real Constraint or Just Human Factor?

Epicflow Blog

It’s commonly believed that the term has been introduced in the novel “Critical Chain” by Eliyahu M. But the students estimated the task and asked the professor to give them extra time to accomplish it. Just like in the example above, we suggest regarding it in this very context from the perspective of Student Syndrome.