9 of 9 people found the following review helpful
New ideas in project management,
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This review is from: Critical Chain (Paperback)
This book is actually fiction, although it intended to be used as a instructional manual for implementing a new approach to project management. As a project manager I think the book is very practical and I think his approach would work very well for many projects. However, the theory that Goldratt proposes goes against all of the other commonly used project management tools (Gantt, Critical Path, PERT) that are based on timelines and milestones.
The book is written from a common-sense approach (in contrast to the approach used by textbooks) and some of the problems it addresses are:
1. Projects often run over budget but rarely finish under budget
2. Multitasking is actually detrimental to projects
3. Constraints arrise when multiple projects use the same resources
4. The true cost of a project (which Goldratt says is much higher than most think)
5. Negotiations with subcontractors used on a project
6. Net Present Value and payback period are inadequate measurements for the cost of a project
Don't be discouraged if you don't understand any of the typical project management jargon. Goldratt does a great job of introducing each concept and describing the basic, underlying concepts. The technical concepts are explained in question-answer form that would be similar to attending a seminar.
Lastly, Goldratt uses two types of projects (product development and construction) as examples in this book. However, the concepts and his approach could be applicable to many different types of projects. In my opinion, the determining factor for applicability of Goldratt's approach is the structure of the organization and not the type of project; the less burocratic, the more applicable.