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2PDM www.johnstark.com |
Number 25 |
![]() Entries in the tables of providers of conferences and seminars addressing EDM/PDM at http://www.johnstark.com/epwl7.html and http://www.johnstark.com/evnt3.html recently added or modified include that for PDT Europe 2K. Entries in the table of 'Vendors in the EDM/PDM World' at http://www.johnstark.com/epwl4.html recently added or modified include that for AIM systems. * Recently published books * To order any of the following books, follow the link through to Amazon.com There's no obligation to purchase. Prices may fluctuate. Finite Element Analysis : Theory and Application With Ansys Saeed Moaveni / Published 1999 / Amazon Price: $96.95 Programming the Finite Element Method I. M. Smith, D. V. Griffiths, A. M. Smith / Published 1998 / Amazon Price: $59.95 Inside The New Pro/ENGINEER Solutions Gary Graham, Jim Proctor, Paula Berg / Published 1999 / Amazon Price: $45.56 Developing ASP Components Shelley Powers / Published 1999 / Amazon Price: $17.97 For a wider range of books, visit the Engineering Bookstore and Product Development Library * PDM Professional's Consumer Electronics * To order any of the following consumer electronics, follow the link through to Amazon.com There's no obligation to purchase. Prices may fluctuate. Amazon Price: $399.99 3Com Palm V Connected Organizer Amazon Price: $349.99 Psion Series 3MX Palmtop Computer Amazon Price: $249.99 Hewlett Packard Colorado 8 GB Hi-Performance External Tape Drive Amazon Price: $149.99 Acer CRW 6206A CD ReWriter
* Project Management * Daryl Morey of ProChain Solutions, Inc. contributed the following information on a new way to manage projects that is reducing average project duration by 20-50%. "The overwhelming record of overdue projects as reported by the Standish Group and the Gartner Group confirms the need for a new approach to project management. ProChain Solutions, Inc., has pioneered an approach that will reduce your project durations by 20 to 50 percent while doubling or tripling the percentage of your projects that are completed on time or ahead of schedule. Do you know what a reduction like that would mean? In the organizations we work with, such as Lucent Technologies, even a one week or one day reduction in time to completion can translate into millions of dollars. My goal of this short message is not to completely explain the Critical Chain technique, but rather interest you enough to learn more about Critical Chain project management and how ProChain software helps you successfully implement it. It turns out that project managers do many things that seem logical on the individual task level but actually hurt the goal of the overall project, which is to finish within specification, on time, and under budget. For example, individual task estimates are usually padded as much as 500% to take into account uncertainty and multi-tasking. This is based on the assumption that focusing on finishing each task in a project on time will ensure that the overall project finishes on time. It turns out, however, that at any given time only a small percentage of tasks are critical to the final delivery of the project. With Critical Chain scheduling, the project manager and resources can clearly identify which of the current tasks being worked on are critical and focus on those tasks. In addition, by padding each individual task estimate, needless time slack is introduced at the individual task level, rather than using the time slack where a project needs it most, at the global project level. This does not require, by the way, the entry of very detailed task breakdowns that would make the time of data entry prohibitive to the benefit. Critical Chain scheduling uses this idea of taking the slack out of the individual tasks to change how projects are managed. A Project buffer, made up of the time slack that used to be included in the individual task estimates, is introduced to tell you clearly when the final delivery date is in jeopardy and what actions to take that will have the greatest impact on protecting the final delivery date. Instead of ensuring that each task is finished on time, the project manager makes sure that the critical tasks are completed as quickly as possible to always protect the final delivery dates. Other types of buffers, such as feeding buffers that protect tasks that in the near future will be critical, are also introduced. The buffers become a powerful decision support tool for program managers who can clearly see how a resource being pulled off or added to a project will enhance or reduce the probability of an on time delivery for the set of projects they are managing." Articles: Introduction to Critical Chain Project Management Practical Ideas for Implementing Critical Chain Project Management Bringing Discipline to Project Management, Harvard Business Review Books: Project Management in the Fast Lane Critical Chain |
* Need to go to an EDM/PDM event? * To find out which events are coming up, visit our list of Conferences and Seminars in the EDM/PDM world. |
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Brief lines |
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