Critical Chain Concepts - Zeus Consult

Scitor CorporationPage 1 of 16 Critical Chain ConceptsIntroductionTraditional project management Concepts have been around for over thirty years. If youlook at the impetus for their development in the 1950s, you find that early studies notedthat for Department of Defense projects, cost and time overruns were often two to threetimes the initial estimates and that project durations were frequently 40 to 50 percentgreater than the original estimates . Similar studies of commercial projects noted cost andduration estimates overran by 70 and 40 percent respectively. Critical Path-based projectmanagement was introduced as a cure for these problems with a goal of deliveringprojects within the original cost and time estimates . Today, Critical Path projectmanagement is a significant industry. The discipline is used throughout the world basedupon techniques defined in the 1950s and 1997, Dr. Eliyahu Goldratt introduced thefirst significant new approach to projectmanagement in over thirty years with thepublication of his best selling business novel, Critical Chain .

Scitor Corporation Page 2 of 16 you won’t be late on your estimate because you don’t want negative attention. Based on all this uncertainty, you announce that you can do the task in 10 days.

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