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Theory of Constraints Applied to Strategy

mark woeppel September 30, 2021 project management

The Gestalt of ToC “Truth is ever to be found in simplicity, and not in the multiplicity and confusion of things.” – Isaac Newton The Theory of Constraints. What sort of management strategy is that? Who calls a management approach a “theory”? And “constraints”; isn’t that the same thing as a “bottleneck”? If you’ve read … Continue reading

An Introduction to the Theory of Constraints

mark woeppel November 20, 2020 project management

Decision Making – Focus on the Goal Almost every manager is aware of Pareto’s law, the important few – the trivial many which is often thought of as the 80/20 rule. 80% of results are generated by 20% of the actions. To improve your effectiveness, one only need to focus on the 20% and you’ll … Continue reading

Is Time Equal to Money? Part 2

mark woeppel September 21, 2020 project management

In part one, I said time is not equal to money. Most of the time. Project managers and managers in general must know the difference. In that post, I highlight when time is not money. In part 2, I’ll explain when time is money. Let’s suppose your teams are delivering one project every other month; … Continue reading