This Focused Performance Weblog is a "business management blog" containing links and commentary related primarily to organizational effectiveness with a "Theory of Constraints" perspective. TOC is noted for its applications in Project Management and Multi-Project Management (Critical Chain) and Operations Management (Drum-Buffer-Rope), as well as in Marketing, Strategic Planning and Change Management (TOC Thinking Processes). If you are on an archive page, current postings are found here.
Tolerance is a technical term. In the world of engineering, tolerances are integral components of the designs of our products. To eliminate the tolerances from a product's drawings would be to destroy valuable information regarding the design of that product. Such a boneheaded move would expose a company to the loss of tens of millions of dollars.
Similarly, tolerances are integral components of the designs of our projects. To eliminate the tolerances from a project's model is to destroy valuable information regarding the design of the project. This boneheaded move regularly does expose companies to the loss of tens of millions of dollars. It must stop.
We must be the ones to stop it. Rather than allowing ourselves to be browbeaten into using erroneous, deterministic models of projects, we must accept our own fiduciary responsibility. We must do first and foremost that which is right.
A buffer by any other name...
posted by Frank - Permanent Link -
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