Eighty percent of the world GDP is created by projects. I think this gives you an idea about the importance of projects? Whether we are designing and developing a new product, trying to build a new airport, building a township or trying to put up a thermal power plant, the need for doing projects faster is being felt by all.

Pressure is building to improve speed and productivity in projects. Projects are increasingly mission critical and doing more & more projects are on every executive agenda. For new product development organizations, shrinking life cycle is of prime importance. In construction, doing more projects faster is the way to increase margins and rate of return on investments. In maintenance, repair and overhaul, cutting turnaround time and lowering manpower resources lets organizations increase asset utilization.

In backdrop of this entire context, you might be wondering is there a way to achieve what people want in their respective work sphere. Million dollar question, Is there anything which can defy the conventional practices and help us deliver on time? Let us discuss some of the paradigm changing practices which help us achieve the ultimate objective of project management:

1. Don't Start Projects ASAP: Contrary to single projects, in which it is good to get a head-start, in multi-project environment it proves to be counter-productive in the multi-project world. Therefore the first rule of success is to release work into execution based on the most loaded resource.

2. Assign buffers to projects where they can do the most good-protect the longest path: Therefore the second rule is to have strategic buffers placed to protect the longest path, which ensures that the overall project stays on time, despite local delays.

3. Create a dynamic schedule for resources: The third golden rule is to generate schedules in execution based on the project buffer consumption. Tasks with lowest buffer get the highest preference. If the buffers in a project are running low, it gives early warning signal.

Project Tracking using CCPM vis- Traditional PM

Avenir has been in the forefront of implementing Critical Chain Project Management methodology for leading organizations across the world. If you are part of an organization interested in moving to the next higher stage of project planning and execution leading to top line and bottom line benefits, contact us for a framing meeting to detail out a tailor made solution for you.