Project cycle time optimisation, Project Management

Assignment Help:

Cycle Time Optimisation

Cycle time optimisation is an operating philosophy of maximising the efficiency of the sub optimal value-added activities while reducing the non- value activities and time for the best quality, the cost and the responsiveness to the customer needs.

If after guessing the total elapsed time for the project, if it is found that the project will take much longer time than the planned completion then the project should be redefined. This can probably be done by breaking the project into phases or defining multiple projects.

There are some compelling reasons why very large systems projects shouldn't be undertaken. First, the organisation loses the attention span at some point. Also, the other priorities may intervene. The resources may tend to disappear, through attrition or through reassignment.

Second, the business conditions may change. If the project cannot be completed within the one calendar  year  of  its commencement then the project will risk the delivery of the obsolete system from the business standpoint. The competition will be moving more rapidly all the time. The governmental regulatory climate might change which applies to the any industry. The reduced cycle time is the concept which is being preached for all the products and the services. This has always been true for the effective information systems.

Third, if the project is larger, then the risk of failure will be greater. While attempting to control the projects which are too large the best project managers and the best project management methodologies and tools will become strained. The errors in planning or estimating the degrees which may be easily correctable on the small projects could be overwhelming on the large ones. The management should have the visibility and the ability to control the overruns and also cut the losses. This is much more likely on the smaller projects.

Many organisations would have undertaken very big projects. Chances of the success are importantly enhanced when the project is carved up so that the major implementation occurs at least once in a year. This will give the ongoing visibility and the organisational commitment to the project.


Related Discussions:- Project cycle time optimisation

Organizing-process management, Organizing Which is the process of group...

Organizing Which is the process of grouping resources and activities in a logical fashion. The function of organizing involves: grouping similar activities together (depa

Discuss the cost of quality, Discuss the "Cost of Quality" and is ramificat...

Discuss the "Cost of Quality" and is ramifications / implications in the organization - COQ (Cost of Quality) means the financial number brought into play by project managemen

Why is project monitoring important, Question: (a) Why is project monit...

Question: (a) Why is project monitoring important? (b) Outline the aspects you would check in a project monitoring meeting? (c) What corrective actions can be taken in th

Scheduling in program management, Scheduling  Once a program plan is ap...

Scheduling  Once a program plan is approved, good scheduling is the heart of the program management process. Program schedules provide adequate time to ensure that the work bre

What are the costs involved with respect to quality, Question 1: Descri...

Question 1: Describe Total Quality Management. What are the Costs involved with respect to ‘Quality'? Cost of Quality Meaning of TQM Quality Control Costs

What do you mean by line balancing in management, What do you mean by Line ...

What do you mean by Line Balancing in management? Line Balancing: It means balancing the line among the product lines or assembly lines. This aims at grouping assists an

Project risk, Identifying Project Risk  Risk identification is a proces...

Identifying Project Risk  Risk identification is a process which determines the types of risks that have potential impact on a project. The risk identification is an ongoing pr

Describe who should carry out an investigation, Question: (a) An emplo...

Question: (a) An employee in an organisation has suffered a major injury in an accident during working hours. Describe who should carry out an investigation into the accident

Incremental approach to testing by integration test, Explain the incrementa...

Explain the incremental approach to testing represented by the orderly integration test. Integration test: The integration test is looking for to determine whether the mo

What limitations should be considered in project beginning, What limitation...

What limitations should be considered in the beginning of a project? limitations of project: The central question into the follow-up phase concerns while and where the pro

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd