Critical Chain: A Business Novel

by Eliyahu M. Goldratt

resourcebuffers don't change the elapsed time of the project?

"We defined the critical path as the longest chain of dependent steps, longest in time."

the constraint, and the constraint is the longest chain of dependent steps.

Answers that pretend to be more accurate than the uncertainty embedded in the problem are not better answers."

"Listen to yourself," B.J. tells him softly. " ‘No other university would think of such a thing.' You are right. They won't offer it because they can't deliver. Moreover, if no other university would think of offering such a deal, it is even better for us."

resource is supposed to do two different steps at the same time,"

"we were constantly changing schedules for nothing, and by that creating real problems."

"you have removed most of the overloads from the other resources. And the sporadic peaks of load that still exist can be absorbed by the buffers." "Exactly,"

everything presented was geared to the work of the levels from the project leader down. What about helping the decision process of top managers?

"Net-present-value is the way to translate future investments and income into terms of current money,"

we think in terms of time or money. We are not used to thinking in terms of time-money.

‘flush,"'