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critical chain method

The Critical Chain Method is a method used in project management to determine project duration. The method evolved from the Critical Path Method

(CPM). With the Critical Chain Method, buffer times resulting from optimistic and pessimistic estimates are included by project management as a cumulative value in the overall project. This makes it possible to compensate for imponderables in the project schedule or time delays caused by limited resources.

The Critical Chain Method provides more accurate results than the Critical Path Method, whereby the calculated value can be corrected by statistical data or empirical values.

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Englisch: critical chain method
Updated at: 29.05.2013
#Words: 116
Translations: DE