Read Critical Chain: A Business Novel by Eliyahu M. Goldratt Free Online
Book Title: Critical Chain: A Business Novel|
The author of the book: Eliyahu M. Goldratt
ISBN 13: 9780566080388
Format files: PDF, Epub, DOCx, TXT
The size of the: 527 KB
Date of issue: September 4th 1997
Reader ratings: 7.2
Loaded: 485 times
Read full description of the books Critical Chain: A Business Novel:
This book is really hard to evaluate for me. Probably due to my background in agile software development. I secretly hoped the Critical Chain method to provide logical proof to the agile community's intuitive findings. But it didn't.
Critical Chain covers a few important topics: fallacies of estimation, ways to create safety buffers, ways those buffers can fail, danger of multitasking, importance of optimizing for the lead time. It puts a firm nail into the coffin of more traditional project management approaches, that's for sure. It also highlights (and overcomes) the business schools' inability to teach relevant management know-how, applicable in the industry.
Speaking of the narrower field of software development, Critical Chain missed a huge opportunity that agile movement has demonstrated: Delivering value in small regular increments and by doing that allow the investment decision be incorporated into the development cycle itself. In the ToC lingo, agile questioned the assumption that the value of the project can only be delivered as a whole.
This assumption may still be valid in some domains, where Critical Chain will be tremendously helpful. One won't probably want to build a huge car park far away from a city without committing to build a whole airport.
Read information about the authorEliyahu M. Goldratt was an educator, author, physicist, philosopher and business leader, but first and foremost, he was a thinker who provoked others to think. Often characterized as unconventional, stimulating, and “a slayer of sacred cows,” he urged his audience to examine and reassess their business practices with a fresh, new vision.
Dr. Goldratt is best known as the father of the Theory of Constraints (TOC), a process of ongoing improvement that identifies and leverages a system’s constraints in order to achieve the system’s goals. He introduced TOC’s underlying concepts in his business novel, The Goal: A Process of Ongoing Improvement, which has been recognized as one of the best-selling business books of all time. First published in 1984, The Goal has been updated three times and sold more than 7 million copies worldwide. It has been translated into 35 languages.
Heralded as a “guru to industry” by Fortune magazine and “a genius” by Business Week, Dr. Goldratt continued to advance the TOC body of knowledge throughout his life, building on the Five Focusing Steps (the process of ongoing improvement, known as POOGI) with TOC-derived tools such as Drum-Buﬀer-Rope, Critical Chain Project Management (CCPM) and the Thinking Processes. He authored ten other TOC-related books, including four business novels: It’s Not Luck (the sequel to The Goal), Critical Chain, Necessary but Not Sufficient and Isn’t It Obvious? His last book, The Choice, was co-authored by his daughter Efrat Ashlang-Goldratt.
Born in Israel on March 31, 1947, Dr. Goldratt earned a Bachelor of Science degree from Tel Aviv University and a Master of Science and Doctor of Philosophy from Bar-Ilan University. He is the founder of TOC for Education, a nonprofit organization dedicated to bringing TOC Thinking and TOC tools to teachers and their students, and Goldratt Consulting. In addition to his pioneering work in business management and education, Dr. Goldratt holds patents in a number of areas ranging from medical devices to drip irrigation to temperature sensors. He died on June 11, 2011, at the age of 64.
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