The teaching style of professor Silver was very different

The
teaching style of professor Silver was very different he had a conversation
with the students about different topics. The students used to get homework to
do and in this course the homework tasks become case studies for the theories
that they develop in the classes. He is also helped by the fact that three of
his students are involved in a project at their company to develop a way to cut
product development time.

Throughout
the book of critical chain the theory is developed, and different concepts of
project management are covered. The inspiration for the critical chain comes
from the “Theory of Constraints” (TOC), which is taught by another professor in
production management. Theory of constraints identifies the bottleneck or
constraint, exploits it and then subordinates all other activities to that
bottleneck. The same concept is shown throughout the book to apply to project
management as well on several levels. As mentioned above the teaching and
development of the “Critical Chain” theory is the main story. The economy
problem almost makes the promotion of Rick impossible, but the new discoveries
he makes in the course and the support it gets from the industry, supports his
“survival”.

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The
different concepts in this book are:

·        
Think
tank: A group or an institution organised for intensive research and solving of
problems, especially in the areas of technology, social or political strategy.

·        
Budget
Overruns: The amount by which the actual cost of a project exceeds its budget.

·        
Time
Overruns: Time overruns occur when projects or tasks within a project is not
completed by the time the project plan specifies.

·        
Bell
Curved: Bell curve is the popular name for normal distribution. It is often
called the bell curve because the graph of its probability density resembles a
bell.

·        
PERT

·        
Critical
path

·        
Gantt
charts

·        
Theory
of constraints:

·        
Project
buffer

·        
Win-Win

·        
Feeding
buffers

·        
Resource
buffers

·        
Vendor
management

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