Managerial Process Briefly Describe the Difference Between Book Report

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Managerial Process

Briefly describe the difference between time-constrained project and resource-constrained project with regard to scheduling methods.

Time constrained projects are focused on the schedule more than any other aspects of the project. For example, if the project has to be completed by a certain date and if the project is late there is a big penalty or the project is a failure all together. A specific example of this would be a software company trying to be the first firm to market with a new good. If the project is late, then another competitor would be the first and the project would be a failure.

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By contrast resource constrained projects try to maximize the use of the resources that they have available. An example of this could be a construction company that only has a select number of certain types of equipment. For example, if the company owns an expensive excavator then they might plan projects around this resource so that they can maximize the use of the piece of equipment.

2) Then relate these two types of scheduling to Critical Chain Approach (P. 295 -Exhibit 81-) and The critical chain is….....

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