Critical chain project management (CCPM)8 brings together the principles of TOC, Goldratt's critical chain,9 and the PMBOK™. CCPM makes three radical assertions about project management:
• You do not have to finish each task on time to finish a project on time.
• Starting a project sooner does not mean it will finish sooner.
• Adding buffers reduces project duration and cost.
The following sections describe how CCPM accomplishes these apparent paradoxes for a single project and in a multiproject system.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.