Project cycle time optimisation, Project Management

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.

Posted Date: 9/29/2012 1:26:47 AM | Location : United States







Related Discussions:- Project cycle time optimisation, Assignment Help, Ask Question on Project cycle time optimisation, Get Answer, Expert's Help, Project cycle time optimisation Discussions

Write discussion on Project cycle time optimisation
Your posts are moderated
Related Questions
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper

The followings is a list of some of the common misconceptions that should be understood by those claiming to have used quality by design: 1. Quality by design is not simult

What are the popular psychological tests? Several of the popular psychological tests are as given below: a. Intelligence Tests: Such are conducted for containing an idea o

Q. Why do I need project management? One more way of asking this question is What if I do not bother with project management? The reality is all projects demand some extent of

ISO standards give tremendous advantages to those holding their certification. Some of these advantages are briefly discussed below for different categories of groups ins

How must be the downward communication from the superior to the subordinate? There formal communication in between subordinate and superior, here the superior sends directions

Question: (a) With reference to the Confined Space Regulations 1997. (i) Give the meaning of ‘confined space', providing TWO workplace examples (ii) What are the speci

T he seven forces and the body of knowledge A root cause is a basic causal factor, which if corrected or isolated will stop recurrence of a situation .There is honest disagree

Principles of Success for the Project Manager Project  managers  always  hire  the  best  people  available  and  then  do whatever it takes to keep the project up and running.

The followings is a list of some of the common pitfalls to avoid if an organization is considering implementing quality by design: 1. Team members should be assigned to