Applying Critical Chain to improve the management of uncertainty in projects
Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management; and, (S.M.)--Massachusetts Institute of Technology, Dept. of Electrical Engineering and Computer Science, 1998.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2005
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| Online Access: | http://hdl.handle.net/1721.1/9399 |
| _version_ | 1811069813178499072 |
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| author | Cook, Stephen Carl, 1966- |
| author2 | Steven D. Eppinger and Anna Thornton. |
| author_facet | Steven D. Eppinger and Anna Thornton. Cook, Stephen Carl, 1966- |
| author_sort | Cook, Stephen Carl, 1966- |
| collection | MIT |
| description | Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management; and, (S.M.)--Massachusetts Institute of Technology, Dept. of Electrical Engineering and Computer Science, 1998. |
| first_indexed | 2024-09-23T08:16:33Z |
| format | Thesis |
| id | mit-1721.1/9399 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T08:16:33Z |
| publishDate | 2005 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/93992020-03-31T14:45:24Z Applying Critical Chain to improve the management of uncertainty in projects Cook, Stephen Carl, 1966- Steven D. Eppinger and Anna Thornton. Massachusetts Institute of Technology. Department of Electrical Engineering and Computer Science Sloan School of Management Sloan School of Management Electrical Engineering and Computer Science Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management; and, (S.M.)--Massachusetts Institute of Technology, Dept. of Electrical Engineering and Computer Science, 1998. Includes bibliographical references (leaves 76-77). In an ever intensifying global competitive market, the management of projects, particularly product development efforts, increasingly is one of the few areas which can produce a sustained competitive advantage. Firms that can bring products to market faster can extract higher initial margins, can be more responsive to their customers, and will have products with longer sales lives. Critical Chain is a new methodology that applies Eli Goldratt's Theory of Constraints to project management in order complete projects faster and with greater predictability while simultaneously making more efficient use of resources. The Critical Chain method accomplishes this by building project networks with average task durations, aggregating buffer at the end of projects where it can absorb unplanned iterations and other delays, and de-conflicting resources, both within and across projects. This new project management methodology was researched by spending seven months on site with ITT Night Vision and applying the method to two product development projects. In addition, benchmarking studies of previous product development efforts at the same site and of another lead user of the tool were conducted to provide both qualitative and quantitative comparison data. Critical Chain appears to minimize schedule risk while simultaneously minimizing project duration, and has the potential to improve both communication and employee morale. by Stephen Carl Cook. S.M. M.B.A. 2005-08-22T18:04:20Z 2005-08-22T18:04:20Z 1998 1998 Thesis http://hdl.handle.net/1721.1/9399 43071825 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 77 p. 8532383 bytes 8532143 bytes application/pdf application/pdf application/pdf Massachusetts Institute of Technology |
| spellingShingle | Sloan School of Management Electrical Engineering and Computer Science Cook, Stephen Carl, 1966- Applying Critical Chain to improve the management of uncertainty in projects |
| title | Applying Critical Chain to improve the management of uncertainty in projects |
| title_full | Applying Critical Chain to improve the management of uncertainty in projects |
| title_fullStr | Applying Critical Chain to improve the management of uncertainty in projects |
| title_full_unstemmed | Applying Critical Chain to improve the management of uncertainty in projects |
| title_short | Applying Critical Chain to improve the management of uncertainty in projects |
| title_sort | applying critical chain to improve the management of uncertainty in projects |
| topic | Sloan School of Management Electrical Engineering and Computer Science |
| url | http://hdl.handle.net/1721.1/9399 |
| work_keys_str_mv | AT cookstephencarl1966 applyingcriticalchaintoimprovethemanagementofuncertaintyinprojects |