[[ KINDLE ]] ❂ Critical Chain: A Business Novel Author Eliyahu M. Goldratt – Anguillais.us

Critical Chain: A Business NovelCritical Chain, A Gripping Fast Paced Business Novel, Does For Project Management What Eli Goldratt S Other Novels Have Done For Production And Marketing Dr Goldratt S Books Have Transformed The Thinking And Actions Of Management Throughout The World.

[[ KINDLE ]] ❂ Critical Chain: A Business Novel Author Eliyahu M. Goldratt – Anguillais.us
  • Paperback
  • 246 pages
  • Critical Chain: A Business Novel
  • Eliyahu M. Goldratt
  • English
  • 06 April 2018
  • 9780884271536

    10 thoughts on “[[ KINDLE ]] ❂ Critical Chain: A Business Novel Author Eliyahu M. Goldratt – Anguillais.us


  1. says:

    This book is really hard to evaluate for me Probably due to my background in agile software development I secretly hoped the Critical Chain method to provide logical proof to the agile community s intuitive findings But it didn t.Critical Chain covers a few important topics fallacies of estimation, ways to create safety buffers, ways those buffers can fail, danger of multitasking, importance of optimizing for the lead time It puts a firm nail into the coffin of traditional project management approaches, that s for sure It also highlights and overcomes the business schools inability to teach relevant management know how, applicable in the industry.Speaking of the narrower field of software development, Critical Chain missed a huge opportunity that agile movement has demonstrated Delivering value in small regular increments and by doing that allow the investment decision be incorporated into the development cycle itself In the ToC lingo, agile questioned the assumption that the value of the project can only be delivered as a whole.This assumption may still be valid in some domains, where Critical Chain will be tremendously helpful One won t probably want to build a huge car park far away from a city without committing to build a whole airport.


  2. says:

    As an Engineer I am used to reading highly structured texts where the content is clearly partitioned into numbered sections with a series of formulas and figures to present the theory After reading the theory in each section, I ll typically find a number of problems designed to test and enrich my understanding before proceeding to the next topic.Eliyahu Goldratt, who is a physicist turned business consultant, chose to break from this conventional writing style by presenting his ideas in the form of business novels Goldratt s most famous novel is called The Goal A Process of Ongoing Improvement Critical Chain applies the Theory of Constraint principals presented in The Goal to Project Management If you have not read The Goal, I highly recommend you read it, however it is not a prerequisite to understand the book Critical Chain.Goldratt s novels begin by introducing a lead character and then a number of additional characters that tie into the lead s personal and professional lives As the characters are presented, the reader learns about their various problems and their need for finding solutions The reader then follows the characters through their journey of defining the problem and learning new ways to look at the problem along with demonstrations of how the conventional views of the problem unexpectedly lead to solutions with less than desirable results The journey then continues with the characters finding and implementing successful solutions to their problems Interestingly, some of the subplots in the lead s personal life foreshadow lessons to be learned in his professional life And often after solving the business problem, the character learns to apply the new techniques back to his person life and other problems he had not expected.The Critical Chain revisits the Theory of Constraints principles from The Goal and applies them to problems in Project Management As an example, the reality of uncertainty in time estimates for an activity is presented Usually safety is added to the estimate to ensure enough time is allocated However this can lead to the student syndrome where an activity will be left to the last minute if given the opportunity This student syndrome is not always bad and in particular cases should be encouraged If you are familiar with The Goal and its definition of the concepts of throughput, inventory and operating expense, you may be able to anticipate how these concepts, which were applied to the manufacturing plant, should be applied to Project Management However some of the relationships are subtle and the differences are important To me, applying the Theory of Constraints to Project Management is analogous to applying vibration theory of a mechanical system mass, damper and spring to an electrical system inductance, resistance and capacitance If you are familiar with these physics concepts, you know that it is useful to apply your experiences with a dynamic electrical system to your experiences with a dynamic mechanical system and vise versa But you must be careful in your comparisons if you want to derive meaningful results The same can be said when comparing the flow of material through a manufacturing plant and the flow of completed milestones in a project plan I encourage you to read the book to fully appreciate this.Goldratt s approach of telling a story to teach his audience is not new However, it is not common in my experience His style is a welcomed change to conventional textbooks and is effective Later after being sold on Goldratt s techniques you can refer to one of the many conventional texts that were written after The Goal and Critical Chain to enrich your understanding For example Synchronous Manufacturing Principles for World Class Excellence by Umble and Srikanth or Project Management in the Fast Lane by Robert C Newbold


  3. says:

    I just love a good business novel I read The Goal back in the late 90s and that is one book I reference to this day So I was excited to see what Goldratt does in Critical Chain I really enjoyed how he focused on both business and academia to solve the project management question that seemed to be popping up in industry How to manage project management constraints is pretty straight forward when you only have one project but if multiple projects, things become exponentially difficult In this story a group of executive MBA students and professors discover together a method to approach the critical chain when multiples projects are involved The dialogue between the industry leaders and professors is very engaging, informative, and relevant even today However, as in most business novels the attempt to integrate the personal lives into the story was a big failure The storyline with one of the characters and his concern with his materialistic wife was laughable at best.


  4. says:

    Several of my engineering co workers recommended Goldratt to me so I could understand their job better While I m still a bit confused about some of the things put forth in the book, I must say that this is easily the best format I have ever read for a business book The book reads like a fiction novel, with characters, dialogue, and internal monologues It s fabulous And I ve heard that Goldratt s other books are the same so I will definitely be reading those as well.


  5. says:

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  6. says:

    I m taking Project Mgmnt courses right now and I can assure you that this book is far interesting than anything I ve read on the subject It reads like fiction, minus the sex and psychological struggles Good overview of how to chart a successful project, sure you re missing all of the details for the procedures and techniques used and computer programs definitely simplify the procedure but the overview of delivering a project on time, is bang on..follow the critical path


  7. says:

    Saprast pamatj dzienus, tad v lreiz tos saprast, tad izprast idejas kontekstu un novietot to sev aktu l vid , un atrot t piedurknes un s kt realiz t L k, mans pl ns Idejas realiz anai, ne las anai un apbr no anai Esmu iedvesmota.


  8. says:

    It s been longer than I thought since I ve read this The story line is different from what I remember And the way CCPM is developed in the book takes some interesting turns It has me wondering about how to introduce things Of course there are also things in here that aren t in use any.


  9. says:

    Companies are so immersed in the mentality of saving money that they forget that the whole intention of a project is not to save money, but to make money.I found it to be an interesting read, even if sometimes clumsily written It tries to explain teach about the Theory of Constraints ToC in a novel form, which explains the clumsiness.ToC is also less relevant in the age of Agile Lean Companies focus on delivering the value faster and often to the customer In this context, there s less need for system optimization and finding constraints.


  10. says:

    I have been talking about Critical Chain in my project management classes for about five years now however, I have only done so in broad strokes In my current class, I was asked to expand on it just a bit I had never actually read Goldratt s book, but I knew enough about the theory to respond to the kinds of questions I was receiving Even so, I thought that it was about time for me to read the original To be honest, I didn t learn anything revolutionary in the book It may have been a revolution back in 1997 when the book was published, but that is simply no longer the case Critical Chain still relies on the Critical Path and I focus a lot of my time in my classes on Critical Path , and it adds to the critical path with the insertion of buffers I am not a huge fan of buffers I prefer the use of calculated contingency reserves I suppose that they re two sides of the same coin Project management has evolved quite a bit as a profession since 1997, so I don t think I would encourage too many people to rely on this book for new information about managing projects.

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