Project cycle time optimisation, Project Management

Assignment Help:

Cycle Time Optimisation

Cycle time optimisation is an operating philosophy of maximising the efficiency of the sub optimal value-added activities while reducing the non- value activities and time for the best quality, the cost and the responsiveness to the customer needs.

If after guessing the total elapsed time for the project, if it is found that the project will take much longer time than the planned completion then the project should be redefined. This can probably be done by breaking the project into phases or defining multiple projects.

There are some compelling reasons why very large systems projects shouldn't be undertaken. First, the organisation loses the attention span at some point. Also, the other priorities may intervene. The resources may tend to disappear, through attrition or through reassignment.

Second, the business conditions may change. If the project cannot be completed within the one calendar  year  of  its commencement then the project will risk the delivery of the obsolete system from the business standpoint. The competition will be moving more rapidly all the time. The governmental regulatory climate might change which applies to the any industry. The reduced cycle time is the concept which is being preached for all the products and the services. This has always been true for the effective information systems.

Third, if the project is larger, then the risk of failure will be greater. While attempting to control the projects which are too large the best project managers and the best project management methodologies and tools will become strained. The errors in planning or estimating the degrees which may be easily correctable on the small projects could be overwhelming on the large ones. The management should have the visibility and the ability to control the overruns and also cut the losses. This is much more likely on the smaller projects.

Many organisations would have undertaken very big projects. Chances of the success are importantly enhanced when the project is carved up so that the major implementation occurs at least once in a year. This will give the ongoing visibility and the organisational commitment to the project.


Related Discussions:- Project cycle time optimisation

Aspects to good project management, Q. Is that all there is to project mana...

Q. Is that all there is to project management? A. That is by no way all. There are several aspects to good project management that require attention. In summary these perhaps

Explain the terms - product and work package, Explain the terms "product" a...

Explain the terms "product" and "work package" and describe how these are related to each other. A product is a particular deliverable from a project and this may also make a wo

Personnel management-human resource management, Personnel Management Pe...

Personnel Management Personnel Management refers to the process of procurement and management of the human resource that is needed to accomplish organization objectives. It is

Content of iso 9000, ISO 8402 deals with standardization of quality voca...

ISO 8402 deals with standardization of quality vocabulary. ISO 9000 is actually a series of guidelines for selection and use of the appropriate systems standards of ISO 90

Explain about the term cost-benefit analyses, Explain about the term cost/b...

Explain about the term cost/benefit analyses. Cost/benefit analyse: Cost/benefit analysis is the procedure of knowing, and as far as probable quantifying, the costs of res

Risk type, Risk type  To identify specific problems in your project, yo...

Risk type  To identify specific problems in your project, you first need to categorise the risks.  The project constraints are  well-organised in the PERIL database, which are

Factor affecting process planning - choice of plant layout, Factor Affectin...

Factor Affecting Process Planning - Choice of Plant Layout While deciding the sequence of operations the plant layout is to be taken into consideration. The sequence of operat

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd