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

Why do i need project management, Q. Why do I need project management? ...

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

What are the limitations of performance appraisal, Problem: According t...

Problem: According to the PRB report, "Performance management is often confused with performance appraisal or the confidential reporting system presently in force in the servi

What is a project life cycle, Q. What is a project life cycle? If a pro...

Q. What is a project life cycle? If a project is well prearranged it will progress logically through several phases. There are four standard stages to a typical project. The fi

Quantitative layout analysis - travel chart, Quantitative Layout Analysis -...

Quantitative Layout Analysis - Travel Chart A basic tool that is primarily used to analyze the material handling cost or in certain cases number of moves in a process layout i

What does positive and negative npv indicate, Net Present Value (NPV) analy...

Net Present Value (NPV) analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflow and outflow to the

Limitations of quality cost analysis, T he dark side of quality cost analy...

T he dark side of quality cost analysis The Quality Cost Analysis will always look at the organisation's costs and not the customer's costs. The manufacturer and the seller ar

Quantitative layout analysis - correlation chart, Quantitative Layout Analy...

Quantitative Layout Analysis - Correlation Chart  In this technique we draw a gird with rows presenting alternative solutions. Plant item can be a ground floor (G >F) First fl

Explain about the term project planning document, Explain about the term pr...

Explain about the term project planning document. A project planning document (PPD): Project planning document will usually consist of a project technical and resource pl

Process planning, Process planning A process is any part of an organi...

Process planning A process is any part of an organization that takes inputs and transforms them into outputs. The value the process generates is the difference between what t

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