About this Presentation
Critical Chain Project Management has been used for decades to realize extraordinary performance gains in single and multi-project environments. Time and again, we find that the potential performance leaps are compromised by the fact that the necessary paradigm shifts are accepted and confirmed by principle, but then not actually implemented, or only partially implemented. For example: The need for WIP reduction is accepted. However, instead of freezing projects, only a (sometimes even clear) strategic prioritization of projects is made - assuming that the people in the company will then implement the higher-priority projects on their own accord in an accelerated manner and defer the lower-priority projects. The need to bundle collateral is accepted. Nevertheless, project managers feel compelled to fix (many) deadlines (for milestones and individual tasks) in order to keep their project under control and to be able to demand binding participation from resources and external partners. Other examples are too precise planning - more precise than the noise of the world - and too much interference in the self-organization of the people and organizations involved. Another impairing factor is the tendency to continue with implementation even when a previous transformation step has not yet been fully implemented and has not yet produced its expected effect. In our estimation, these unproductive approaches result from the established ways of thinking and acting in the company (and among the people) (especially the socialization to local optimization, not being allowed to make mistakes and the search for culprits) as well as the repeatedly observed tendency to make compromises, which often seems easier than solving emerging dilemmas and conflicts at the root. In this presentation, we show how companies (and the consultants supporting them) can succeed in deriving full benefit from critical chain project management. We uncover common mistakes and show simple solutions to recurring challenges.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
Critical chain enables large and sustainable performance leaps in multi-project environments, but the results often fall short due to various factors such as misunderstandings, lack of proper implementation, and ineffective management mechanisms.
Project planning is crucial, but it does not change the company. Execution changes the company. Therefore, it is important to focus on execution management to achieve desired results.
Management attention is the ultimate constraint. Therefore, it is important to create and review the master plan and manage the execution of the change in the company.
Instructor(s)
Uwe Techt
Uwe Techt is Managing Director of VISTEM GmbH & Co. KG and is recognized in German-speaking countries as a pioneer in the use of the Theory of Constraints (TOC) and critical chain project management. As a strategic thinker for fundamental improvements and breakthrough innovations, the top management coach is also in demand as a speaker and author.
Ms Alka Wadhwa
Alka Wadhwa is an experienced consultant and process improvement expert with over 24 years of expertise in the Theory of Constraints (TOC), Lean Six Sigma, and organizational performance optimization. She has successfully led projects in healthcare, financial services, and manufacturing, driving significant improvements such as a 67% boost in hospital operations and a 140% increase in outpatient visits.
Previously, Alka Wadhwa spent 17+ years at GE Global Research Center, where she led initiatives to enhance various GE businesses through advanced technologies, process redesign, and system optimization. Founder of Better Solutions Consulting, LLC, she specializes in using TOC, Six Sigma, and data analytics to streamline operations and build high-performance teams.
Her work has earned her multiple accolades, including the Empire State Award of Excellence in healthcare.
Dr Gary Wadhwa
Dr. Gary Wadhwa is a Board Certified Oral & Maxillofacial Surgeon with extensive experience in the field. He completed his Oral & Maxillofacial Surgery training at Montefiore Hospital, Albert Einstein College of Medicine in Bronx, NY, and has served as an Attending at prestigious institutions like St. Peters Hospitals, Ellis Hospital, and Beth Israel Hospital in NY. With a career spanning over two decades, he was the former CEO and President of a group specialty practice in NY from 1994 to 2015. Dr. Wadhwa holds an MBA from UT at Knoxville, TN, and has undergone additional training in System Dynamics at MIT, Health System Management at Harvard Business School, and Entrepreneurship and healthcare innovations at Columbia Business School. Committed to expanding access to Oral & Maxillofacial Surgery care, he is currently engaged in a meaningful project to provide healthcare services to underserved populations in inner city and rural areas through non-profit Community Health Centers.