Critical Chain Methodology Definition
The Critical Chain Methodology (CCM) is a project management technique that focuses on the efficient use of resources in order to complete projects on time. CCM was developed by Eliyahu Goldratt in the early 1990s and has since been used extensively in various industries.
The key principle behind CCM is that projects are often delayed not because of individual tasks taking longer than expected, but because of resource constraints. For example, if one task in a project requires a certain piece of equipment that is not available, then the entire project will be delayed until that equipment becomes available.
CCM seeks to address this issue by identifying the critical path for a project and then ensuring that resources are available for tasks on this path. This allows for a more efficient use of resources and results in shorter project duration.
There are four main steps involved in CCM:
1) Identify the critical path for the project
2) Ensure that resources are available for tasks on the critical path
3) Schedule buffer time for each task on the critical path
4) Manage and monitor progress throughout the project
