Solution-The critical-chain project management

The critical-chain project management

Assignment Help Project Management

Reference no: EM131098544

Question:

Read carefully the section on Time Estimates in Appendix 8.1 The Critical-Chain Approach.

This section points out the very common phenomenon of people padding the time estimates by "just in case" safety and project managers adding a safety to the project completion time.

The authors ask a very pertinent question, "Why, if there is tendency to overestimate activity durations and add safety to the end of the project, do so many projects come in behind schedule?"

Authors then go on to the explanations offered by the Critical-Chain Project Management (CCPM).

Do those explanations ring bells to you? Do you agree with those explanations? Comment based on your personal or professional experience.

Verified Expert

The paper is about how project manager always takes some safety time while he is estimating for a certain project and how in some situation this also falls short. The paper reviews the views of the author asking whether he believes in this is not and how would he be able to justify his point based on the professional and personal experiences that he has encountered in his life. It tries to bring out how the work can be delayed because of unanticipated actions that cannot be included in the timelines while estimation is done. The paper has been written in Microsoft Office and is of 250 words.

Reference no: EM131098544

Questions Cloud

Problem regarding the course completion : Thinking back on what you have learned in this course, identify the single most important economic principle learned and explain why it was more significant than any other principle or concept.

Prepare stockholders equity section of company balance sheet : Prepare the stockholders' equity section of the company's balance sheet before and after the stock split. What entry, if any, is needed to record the stock split?

Determine the country productivity : The organization's strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your team's task to determine where, outside the United Stat..

How much office overhead is over or underapplied : Provide the journal entries for each of these transactions. How much office overhead is over or underapplied? Determine the gross profit on the Obsidian case, assuming that over or underapplied office overhead is closed monthly to cost of..

The critical-chain project management : This section points out the very common phenomenon of people padding the time estimates by "just in case" safety and project managers adding a safety to the project completion time.

Reserves account and increase the loans account : Suppose the owners of the bank borrow $100 to supplement their existing reserves. This would increase the reserves account and increase the loans account. This would also bring the leverage ratio from its initial value of1.95to a new value of3.94.

Discuss some of the highlights of the budget : Describe the type of budget (i.e., line item, program, performance). Discuss some of the highlights of the budget. Based on what you expected after reading Chapter Four, what was different about your budget?

Describe interviewee using the four bases of segmentation : Introduction Describe the interviewee using the four bases of segmentation, at least two segmentation variables to represent each base. Brand Choice Identify the brand, how much it was and where purchased.

Which way do we shift the demand curve why : which way do we shift the demand curve? Why?

User Account

All Pages

The critical-chain project management

Reference no: EM131098544

Reference no: EM131098544

Questions Cloud

Reviews

Write a Review

Project Management Questions & Answers

Create a project schedule and align resources

Managerial roles and gap analysis

Questionaire on project management

Describe the market growth rate for product

Prepare a work plan and project schedule - gantt chart

Project risk management approach

Black-scholes options pricing model

Describe the features or characteristics of product

Write paper on inventory management system

Analysis of the overall project risk

Investment and performance analysis

Distribution strategy and project management

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT