Title :
Estimation of project buffers in critical chain project management
Author :
Shou, Yongyi ; Yao, K.T.
Author_Institution :
Centre for Eng. & Technol. Manage., Nanyang Technol. Univ, Singapore
Abstract :
Project management has been a mature research area using well entrenched methods like PERT/CPM to solve variant problems. The application of theory of constraints in the project management area results in the method of critical chain. Yet the critical chain approach is not perfect now, especially on the estimation of project buffers, This paper analyzes the different levels of uncertainty of activities for different types of projects, as well as management attitude towards risks; and proposes an enhanced method to improve the critical chain project management method
Keywords :
constraint theory; project engineering; project management; PERT/CPM; activities uncertainty; critical chain project management; project buffers estimation; risk management attitudes; theory of constraints; Constraint theory; Engineering management; Monitoring; Process planning; Production engineering; Project management; Risk analysis; Risk management; Technology management; Uncertainty;
Conference_Titel :
Management of Innovation and Technology, 2000. ICMIT 2000. Proceedings of the 2000 IEEE International Conference on
Print_ISBN :
0-7803-6652-2
DOI :
10.1109/ICMIT.2000.917313