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Critical Chain in Project Management: A Quick Guide

ProjectManager.com

Think of it as a critical chain. This is Critical Chain Project Management (CCPM). What Is the Critical Chain Method? At it’s core, the critical chain method plans and manages project resources. Critical chain project management, as developed by Israeli business management guru Eliyahu M.

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Why Use What-If Scenario Planning in Project Management

LiquidPlanner

The method was flawed, the financial group was only worried about cutting costs, management did not make a full commitment, there was not enough training. Like any group facing a crisis, the organization has to acknowledge it exists, even if they are standing in front of it. How could this happen? As a reader, you know these excuses.

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Case Study: Rex Materials Group Uses LiquidPlanner to Optimize Entire Value Chain

LiquidPlanner

No one knows this better than Kevin Kohls, Director of Continuous Improvement for Rex Materials Group , makers of refractory (heat-resistant) and high-temperature materials commonly used in the plastics, light metals, solar and semiconductor markets. A New Approach, Process and Work Management Tool. It’s our adaptive methodology.

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Epicflow Glossary: Names of Features and Terms Used in the System

Epicflow Blog

Read more: Bubble Graph: Critical Chain Fever Chart Re-Imagined. It shows you the capacity for your groups or resources and designed to help project managers see the actual capacity of the employees in comparison to their load and output. Group Management. Group Risk Factor. Bubble Graph. Budget View . Dashboard.

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Waterfall Should Have Never Existed: Part 1

MPUG

At the turn of the millennium, software projects were mostly organized in a Waterfall way and were reported to have poor results (Standish Group reports). In 2001, a group of software thought-leaders got together and hammered out the Agile Manifesto. Critical Path, Resource Critical Path, Critical Chain, Earned Value, Earned Work, etc.)

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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. As a rule, the buffer duration is 50% of the extra time taken from every task estimate. . What Is Student Syndrome?

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How to Create a Project Schedule (step-by-step guide)

PM Basics

Set durations for each task (copy the estimates provided by the team). Identify a critical path. The scheduling model is the critical path method in our case. But, you may need to use the PERT technique or critical chain method as an alternative. So bear that in mind when you estimate tasks without using the tool.