EVALUATION OF CRITICAL CHAIN TO IMPROVE THE MANAGEMENT OF UNCERTAINTY IN DIFFERENT PROJECTS

Cost and schedule overruns on public projects are infamous. Project managers are judged on cost, schedule, and performance. Most will admit they trade these off against each other but can rarely attain all three at once. Of all the skills which can give a company a competitive advantage in today’s markets, project management is probably the most important. Yet, how many companies tout themselves as being “World Class in Project Management”? How many companies can routinely finish projects on time, within budget, and without cutting scope? Here are examples of typical project performance from three different industries: