What is a Critical Chain? Project Management in Under 5

The video tutorial introduces the concept of the critical chain, first proposed by Eliahu Goldratt, and its application in project management. It explains the use of different types of buffers—project, feeder, and resource buffers—to manage constraints and ensure timely project delivery. The tutorial also provides a practical approach to task estimation and scheduling, emphasizing the importance of contingency planning and the critical chain method for effective project management.

Who first introduced the concept of the critical chain in project management?

• Frederick Taylor

• Peter Drucker

• Eliahu Goldratt

• Henry Gantt

What is the primary focus of the critical chain method in project management?

• Stakeholder communication

• Budget allocation

• Task prioritization

• Resource management

Which type of buffer is used to provide contingency time to the entire project?

• Feeder buffer

• Time buffer

• Resource buffer

• Project buffer

What is the purpose of a feeder buffer in project management?

• To improve team communication

• To allocate budget effectively

• To ensure non-critical paths deliver on time

• To manage resource availability

In the example with Amit, Becky, and Chang, how many days of contingency did Chang request?

• Five days

• Two days

• Three days

• Four days

What is the main advantage of using a single block of contingency time in scheduling?

• Improved stakeholder satisfaction

• Reduced project costs

• Enhanced flexibility against risks

• Increased team motivation

How does the critical chain approach help in delivering projects on schedule?

• By reducing the project scope

• By increasing the number of resources

• By enhancing team collaboration

• By applying buffers to manage risks