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Table of Contents Introduction 4 Project management 4 Case study 5 Brief explanation of the CCPM 5 Basis of CCPM 5 Advantages of CCPM 5 CCPM method helps overcoming the following obstacles: 5 Disadvantages of CCPM 6 Assessing Project management issues: 6 Potential resolution 8 Conclusion and Recommendations 10 References 11
Introduction
To succeed as a company/organization you should be able to meet the demand by delivering products and services according to specific standards, set by the company in order to satisfy the targeted segment. Meeting these standards is much complicated from what it seems. To be able to enter an industry you need to plan, execute, monitor, and control every aspect of the business and prioritise time, cost and performance depending on the life stage of the company.
Moreover, the establishment of a company is not a complicated issue, but the ability to maintain and keep up with the rapid growth, is one of the reasons Project management was introduced. Other than the rapid growth, there are other reasons which helped in introducing Project management such as, exponential expansion of human knowledge and the world wide competitive markets for the production and consumption of goods and services.
In this paper I will explain the term Project management in general and include a brief explanation of the CCPM -Critical Chain Project Management-, in order to analyse a case study. It will also include an explanation of the problem and a possible solution for the situation.
Project management
Project management is the art of planning, organising and managing resources in order to meet organizational goals.
In order to attain desired results, goals set for the project should be SMART – Specific, Measurable, Attainable, Realistic and
References: * Henry Kunkel.(2009). CCPM Project Management - A Proven Method for Dramatically Improving Project Performance - [online] .Available From: http://www.pmi-agc.com/techdocs/CCPM%20-%20HK%20-%20Revised%20with%20SSP%20Examples.pdf.[Accessed: 5th of April 2012]. * Jack R. Meredith and Samuel J. Mantel.(2010).Project management, a managerial approach.Seventh.Place: USA.John Wily and Sons.1,3,4,130,131,371. * PM Hut.(2008).Advantages of The Critical Chain Project Management (CCPM) [online] .Available From: http://www.pmhut.com/advantages-of-the-critical-chain-project-management-ccpm.[Accessed: 7th of April 2012]. * Process Quality Associates Inc.(2006).Project Management via Critical Chain (CCPM) [online] .Available From: http://www.pqa.net/ProdServices/ccpm/W05001001.html.[Accessed: 7th of April]. * Robert Barne.(2001).A Critical Look at Critical Chain Project Management [online] .Available From: http://ie406.cankaya.edu.tr/uploads/files/A-Critical-Look.pdf.[Accessed: 3rd of April 2012]. * ROD HUTCHINGS, PMP, CPPD, SCPM, MAPPSC.(2011).projectmanagement [online] .Available From: http://www.projectmanagement.net.au/project_management.[Accessed: 7th of April 2012]. * Umesh Dwived. Critical Path Method and Critical Chain Project Management [online] .Available From: http://www.refresher.com/CriticalChainProjectManagement.pdf.[Accessed: 5th of April 2012]. * Unknown.(2009).pinnacle-strategies [online] .Available From: http://www.pinnacle-strategies.com/Critical%20Chain.htm.[Accessed: 1th of April 2012].