According to the Project Management Institute, “Critical chain project management (CCPM) is a method for planning and managing projects that puts more emphasis on the resources required to execute project tasks.” So, what does that mean? And how can CCPM help you complete your projects on time and within budget? Read on to find out.
How CCPM Works
CCPM views projects as a series of interconnected tasks (referred to as a "chain") that must be completed in order. Each task in the chain has its own dependencies, which can impact the timeline for the entire project. To account for these dependencies, CCPM uses a buffer system.
The buffer system is designed to protect the project schedule from any errors or unforeseen delays that might occur during the course of the project. It does this by adding additional time to task estimates—time that can be used to address any issues that pop up along the way. This helps to ensure that the project is completed on time and within budget.
In addition to using buffers, CCPM also employs a process called the "theory of constraints" (TOC). TOC is based on the idea that every process has a limited capacity that cannot be exceeded without negatively impacting the quality of the output. By identifying and addressing these constraints—i.e., those tasks that are most likely to cause delays—CCPM can further improve the chances of completing a project on time and within budget.
Certified Project Manager (Level C)
The Certified Project Manager (Level C) certification is a designation earned by project managers who have demonstrated their mastery of the skills and knowledge necessary to successfully lead projects. The certification process consists of two parts: a written exam and an oral exam.
To earn the designation, candidates must first pass the written exam, which covers topics such as project planning, scheduling, budgeting, and risk management. Candidates who pass the written exam then move on to the oral exam, where they must demonstrate their ability to effectively communicate and collaborate with other members of the project team.
The Certified Project Manager (Level C) certification is recognized by the Project Management Institute (PMI) and is widely regarded as a valuable asset for any project manager.
BSB50820 - Diploma of Project Management online
BSB50820 - Diploma of Project Management online course that will provide you with the skills and knowledge to plan, organize, monitor, and deliver projects within the constraints of time, cost, and quality. The course covers a range of topics such as project scope, risk management, communication plans, and procurement. This qualification is aimed at those who wish to pursue a career in project management or move into a senior management role. The course is delivered over 12 months and comprises 10 units. Upon successful completion of the course, you will be awarded the BSB50820 - Diploma of Project Management.
Critical chain project management (CCPM) is a method for planning and managing projects that focus on the resources required to execute project tasks. CCPM uses buffers and the theory of constraints(TOC) to protect against schedule delays and ensure projects are completed on time and within budget. If you're looking for a way to improve your project management processes, CCPM might be worth exploring.