In theory, we assume that the activity time is the mean time to complete an activity. In reality, what time does the resource manager give? Is it the mean time? Seldom. Usually if you are asked to provide a time estimate for a task, you will pad the time a little (or a Read more…
For a non-constraint, capacity can be: (1) Productive capacity Productive capacity is equal to the constraint’s capacity. The ability to produce the number of units that the constraint can (2) Protective capacity Protective capacity is capacity needed to restore buffers after a disruption. Restore before another disruption occurs. (3) Excess capacityExcess capacity Read more…
In my first job, I had dual reporting.I was doing a project for Walgreens e commerce.My project manager was responsible for ensuring that I finished the job on time. Since I was in Bangalore, I also was reporting to the Bangalore resource manager.My resource manager was responsible for ensuring that Read more…
Goal of a project is to complete a project, which usually translates into:– minimizing the costs associated with the project, – completing the project on time, and – completing the project as described in the specifications. But what is the real goal of the project? We can classify project goals into 2 types: Read more…
Most projects fail. Failure means: – The project scope changed, – the project delivered late, or – the budget exceeded In some projects, two or even all three of these objectives were not realized. 2 streams of research have emerged from project management. 1. Management science stream:Determine the most efficient algorithm which identifies Read more…
The Mass Layoffs: Does it help? POOGI is the short form of Process Of On Going Improvement. POOGI claims that performance should go up as time advances. This contains two different curves—the red curve and green curve. In the red curve the rate of improvement grows leading to exponential growth. In Read more…
Rarely does a company have a decisive competitive edge. Are the sales meeting between companies who have decisive competitive edge different? Stop focusing on the company’s products.The meeting should, instead, revolve around the client environment. We should expose the significant need that currently isn’t satisfied by the vendors. Taking advantage of a Read more…
The standard ways to:– identify the needed actions, – focus the improvements, are NOT adequate. We usually start with a list of gaps between the current situation and the desired situation. The gaps are then quantified. Items at the top of the list are taken as the targets for improvement. This approach leads, Read more…
The vast majority of the elements of a system are non-constraints. Ignoring a non-constraint impacts the constraint. This results in the performance of the entire system going bad. The maxim “More is better” is correct only for the constraints. It is NOT correct for the non-constraints. For the non-constraints, “more is better” Read more…
Key measure of retailer’s success is – selling as much merchandise as possible at the highest profit margin. Earlier the focus was on:– the right product– in the right place– at the right time In today’s hyper competitive omni channel world, we also need:– at the right price– in the right Read more…