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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

When buffers are made visible, trust is crucial; without it, their presence can reinforce negative stereotypes, painting them as budget inflators rather than strategic tools. TOC has fully developed methodologies for determining the right location of buffers in projects as well as in manufacturing.

2016 52
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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

When buffers are made visible, trust is crucial; without it, their presence can reinforce negative stereotypes, painting them as budget inflators rather than strategic tools. TOC has fully developed methodologies for determining the right location of buffers in projects as well as in manufacturing.

2016 52
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The Complete Glossary of 614 Project Management Terms

Workamajig

Budget : The sum total of all the money allocated for a project. Budget at Completion (BAC): BAC is the sum total of all budgets established for the work to be performed. Budget Cost: The cost of the project estimated at the start of the project. Note that the budget cost is not the same as the budget.