Problem: Large construction and erection projects often face delays and cost overruns due to poor planning and uncontrollable uncertainties. However, the root cause often lies in "controllable wastages" like bad multitasking, Parkinson’s effect, and student’s syndrome. Solution: Critical Chain Project Management (CCPM) offers a solution by focusing on eliminating bad multitasking, simplifying planning, and proactively managing execution.  Benefits: This methodology leads to on-time project delivery, reduced lead times (25%-40%), and better resource utilization, as demonstrated by successful implementations in various industries, including construction and manufacturing.

Key Takeaways

Large EPC projects are plagued with delays and cost overruns. The reasons are not just external uncertainties but even how they are managed. There is a counter-intuitive yet revolutionary approach to delivering projects ahead of time and within budget.

Caught in a time wrap!

Problem: Large construction and erection projects often face delays and cost overruns due to poor planning and uncontrollable uncertainties. However, the root cause often lies in "controllable wastages" like bad multitasking, Parkinson’s effect, and student’s syndrome. Solution: Critical Chain Project Management (CCPM) offers a solution by focusing on eliminating bad multitasking, simplifying planning, and proactively managing execution.  Benefits: This methodology leads to on-time project delivery, reduced lead times (25%-40%), and better resource utilisation, as demonstrated by successful implementations in various industries, including construction and manufacturing.

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Implementation of Critical Chain Project Management helps reduce lead time &amp; avoid cost overrun while protecting scope in NPD, new plant setup, plant expansion, ; other CAPEX projects.

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