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

Input analyzer, After collecting random data located on a text file, we tes...

After collecting random data located on a text file, we tested our model to see the appropriateness of the data collected. We tried more than one method and ended up using the fit-

Illustrates the project evaluation and review techniques, Illustrates the P...

Illustrates the Project Evaluation and Review Techniques? PERT (Project Evaluation and Review Techniques): The technique of PERT helps provide better time evaluation for

Functional requirements for an exhibition management system, Question: ...

Question: (a) Consider the following quality goals and provide a way to make the goal more tangible such that it can be easily verified: ?Software should be user friendl

Describe standards of data quality, Question 1: Describe any two standa...

Question 1: Describe any two standards of data quality Any two of the following Governance and Leadership Policies and Procedures Systems and Processes People

Discuss the importance of proper design for a hospitality, Question 1: ...

Question 1: Discuss the importance of proper design for a hospitality unit of your choice. Support your answer with relevant examples from the appropriate industry. Q

Matrix organisation structure, M a t r i x organisation A matrix o...

M a t r i x organisation A matrix organisation is a combination of functional and project organisation. A weak matrix organisation has most of the characteristics of a fun

Project manager, Understanding the different models of project manage. How ...

Understanding the different models of project manage. How is projectized different from managing and controlling task.

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

Upward communication from subordinate to superior, How must be the upward c...

How must be the upward communication from subordinate to superior ? Upward Communication moves through subordinate to the superior within the form of feedback. This takes th

Managing project quality as per pmi, M a n a ging Project Quality as pe...

M a n a ging Project Quality as per PMI Project Management Institute (PMI) is a global organisation for the project management profession; it is engaged in setting professi

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