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

Roles of management, Roles of Management Management roles have been gro...

Roles of Management Management roles have been grouped into three major groups: 1) Interpersonal roles: which involves the manager collecting and disseminating informati

Participative management, PARTICIPATIVE  MANAGEMENT IN LIBRARIES MANAGEMEN...

PARTICIPATIVE  MANAGEMENT IN LIBRARIES MANAGEMENT: Like most other organizations, libraries and information centres have the dual social responsibility of satisfying the needs

Budgeting-controlling cost affected to project management, How is budgeting...

How is budgeting and controlling cost affected to project management software? Budgeting and controlling cost: Project software will assist plan and control project expen

Supplier quality, Scope of Activities for Supplier Quality In the curre...

Scope of Activities for Supplier Quality In the current day's scenario, certain organisations outsource the movement of  raw materials sources and distribution channels in orde

Describe types of projects requirements according to wijnen, Describe all t...

Describe all types of projects requirements according to Wijnen. Preconditions: It forms the context in which the project should be executed. Illustrations include legisl

Basic process involved in project closure , Basic process involved in proje...

Basic process involved in project closure  The end deliverables becomes the focus of the closure plan, that is,  to ensure a high level of end user satisfaction. Hence processe

Principles of success for the project manager, Principles of Success for th...

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.

System engineering and deployment of Envirobat, i need a 5000 words report,...

i need a 5000 words report, i have already submitted a project plan from a material. i want report from already available material and some portion from yours as well.

Operating characteristic curve, O perating characteristic curve The op...

O perating characteristic curve The operating characteristic curve for a sampling plan quantifies the risks. The OC curve for an attribute plan is a graph of the percentage de

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