To make sure that the gains achieved by aggressive design schedules are not wasted in the project's execution stage, the building construction, tool install, and qualification phases must be managed carefully.
Our management team will implement the "critical chain" philosophy of project management. To implement the critical chain, you need to identify all the activities, get their real duration, and reduce all the "fudge factors" across the schedule.
As can be seen in the bottom figure, this process is done in three stages.
- All activities and relationships are defined on a Gantt chart.
- The real duration of each activity is determined, and the excess time is compiled into a project buffer.
- The time saved is divided by three; a third goes to the activity owners, a third remains in the central project buffer, and a third is subtracted from the overall duration of the project.