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

Explain the levels of conventional planning, Question: (a) A team is ...

Question: (a) A team is any group of persons organised to work together or interdependently in order to cooperatively meet the needs of their customers by accomplishing a pu

Project value - measure for project management value, P roject value T...

P roject value The organisations add value to the business through the series of processes. Increasingly such processes are usually undertaken within the context of the projec

To help local producers by restricting international trade, Attempts by a c...

Attempts by a country to help local producers by restricting international trade is known as   protectionism.

What are the disadvantages of bottom-up decentralised, What are the disadva...

What are the disadvantages of bottom-up decentralised approaches? Project budgets can be imposed by using bottom-up that is decentralised approaches for example project manager

Tools and techniques of layout planning - templates, Tools and Techniques o...

Tools and Techniques of Layout Planning - Templates Templates are most commonly employed when preparing layouts. Templates are two dimensional (2D) or block templates consist

Prepare a short notes on quality function deployment process, Question 1: ...

Question 1: Describe the concept of Cost of Quality briefly. What are the components of Cost of Quality? Concept of Cost of Quality Benefits Components of Cost

Formulation of production specification, Specification is an important qua...

Specification is an important quality document for the product because it is here that quality fo the product as a whole is defined in precise technical terms. Although the use

Areas of business excellence, A reas of Business Excellence Typically,...

A reas of Business Excellence Typically, we think about business excellence in the terms of superiority, but in practice, it is frequently translated into features of the busi

Goals of an fms, Goals of an FMS The goal of an FMS is to produce a m...

Goals of an FMS The goal of an FMS is to produce a moderate verity of products in moderate. Flexible quantities clearly an F M S is more flexible than conventional high volum

Client master plan, The Client Masterplan includes introduction, rationale,...

The Client Masterplan includes introduction, rationale, client objectives and stakeholder management. This should be a rationalisation of the requirements. Guidelines

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