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Critical Chain

In: Business and Management

Submitted By apluswriter
Words 2015
Pages 9
Mr. Eliyahu Goldratt has perfected the art of writing business novels. Like his other books, The Goal and It’s Not Luck, Goldratt wrote his book Critical Chain with the same simplicity of storytelling that has made him a master at his craft. He passes groundbreaking business concepts and principles to his audience in a simple, palatable manner.

In Critical Chain, Goldratt introduces us to his protagonist, a young professor of business Mr. Rick Silver, a man struggling to make it in the academic world. Mr. Silver is a good teacher seeking tenure in a business school and who would like to have his work published. His area of expertise is project management and he hopes to see the ideas propagated in his articles make a difference in the world of project management (Goldratt, 1997). He soon realizes that the ideas and the theories that are currently in use in project management are outdated and incomprehensive and as a result, projects often delay and not completed in time (Goldratt, 1997).

In his attempts to pass his ideas and concepts on better methods of project management, he encounters the fact that the content given in business schools is outdated. The therefore is convinced that business schools should revise their curriculum to accommodate the changes that occur in the business world. If the changes do not happen soon, then what the business schools teach their learners will soon be obsolete (Goldratt, 1997). The focus of the book is the shift of project management from the critical path method to the critical chain method of project management. Likewise, the focus of this paper shall be to show the necessity for the shift from the critical path method to the critical chain method and its comparative advantage to the process that is project management.

Critical Measures of Project Success

Bambrick (2011) in his paper titled A…...

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