In this video, discover how a critical chain differs from a critical path and how it can help deliver a project on time or sooner.
- [Voiceover] The critical chain is a slightly different take on the critical path. Using the critical chain approach, you might be able to deliver your project earlier than you would otherwise. In addition, critical chain techniques help you prevent delays in the project finish date. First, the critical chain approach schedules tasks to occur as late as possible. One benefit of doing this is you don't spend money on the project until you absolutely have to.
With this type of scheduling, you adjust the schedule by moving tasks to occur earlier. Second, critical chain focuses on resource limitations to identify the important tasks to manage. That's because resource constraints are often the toughest ones to deal with. You start by scheduling the tasks with the most limited resources, so you use those people as effectively as possible. Third, the critical chain uses buffers to give a project breathing room, so it's less likely to delay past its finish date.
These buffers are like adding shared time to the project. Each task doesn't get its own time buffer. Instead, sequences of tasks share a buffer. That way, only the tasks that actually need extra time use some of the buffer. You apply a couple of different types of buffers. First, you add buffers at the end of each sequence of tasks. Second, you add a project buffer at the end of the project to protect the overall project finish date.
The critical chain approach helps deliver projects on time or earlier than expected. If you're interested in using this method, you can research it further with online resources to learn how to put its techniques into practice.
Bonnie Biafore has always been fascinated by how things work and how to make things work better. In this course, she explains the fundamentals of project management, from defining the problem, establishing project goals and objectives, and building a project plan to managing team resources, meeting deadlines, and closing the project. Along the way, she provides tips for reporting on project performance, keeping a project on track, and gaining customer acceptance.
- Defining the components of a project
- What it takes to be a project manager
- Using project management software like Microsoft Project
- Managing project scope, budget, and schedule
- Managing project resources, including people
- Managing project risk
- Initiating a project
- Identifying and managing stakeholders
- Identifying requirements and deliverables
- Developing a project plan
- Building a project schedule
- Assigning resources to tasks
- Understanding the critical path
- Running the project
- Managing teams
- Monitoring performance
- Closing a project
Skill Level Beginner
1. Getting to Know Project Management
2. Exploring Project Management Knowledge Areas
3. First Things First
How to develop requirements4m 19s
4. Developing a Project Plan
5. Building a Project Schedule
6. While You Run the Project
7. Working with Teams
8. Monitoring and Controlling Progress and Performance
9. Closing a Project
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