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Organizations often try to change their production system to achieve more work using fewer resources. In order to increase the profit by reducing waste and costs, a business must become more productive than before considering the rapidly changing economic conditions. … Read more
There are lots of project planning methods, tools and techniques available in the field of project time management. The Critical Chain Method is one of them which was introduced by Eliyahu M. Goldratt in his book “Critical Chain” in 1997. … Read more
The critical path method (CPM) is a fundamental concept in project planning and management. It is a useful technique used for scheduling project activities like PERT method. The critical path of a schedule demonstrates the activities that can not be … Read more
If you want to learn the key concepts of process improvement, you are in the right place. Ensuring high quality and improving customer satisfaction is often difficult for the companies. Therefore companies and organizations are looking for the ways of … Read more
Close Procurement vs Close Project – Procurement is the operation of planning, tendering, purchasing goods, materials and/or services from an outer source. Project procurement management is the act of acquiring resources, goods, materials, and services required to complete the project on time … Read more
Arrow diagramming method (ADM) is a network diagramming technique in which activities are represented by arrows.[1] It is also known as the Activity-On-Arrow (AOA) method. It has been used a long time to determine the critical path and identify resource … Read more
Stakeholder identification is the first step in project management, coming before Stakeholder analysis. Typically, key stakeholders can be defined as the individuals, groups, and/or organizations who can affect or be affected by a project. They can be categorized as primary, … Read more
Project managers often use graphical representation tools to understand their projects’ performance. CPM, Gantt, and PERT Charts are used to demonstrate workflow and sequence of activities. Although both scheduling tools serve the same purpose, they are different from each other. … Read more
Construction projects involve many resources such as laborers, subcontractors, equipment, and materials. Lack of coordination and communication between the project team and the stakeholders may cause disputes before and during the execution of the project. Inadequate construction claims management, coupled … Read more
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