Issue: 2004/Vol.14/No.1, Pages 37-51
THE CRITICAL CHAIN METHOD IN PROJECT MANAGEMENT – A FORMAL DESCRIPTION
Cite as: D. Kuchta. The critical chain method in project management – a formal description. Operations Research and Decisions 2004: 14(1), 37-51.
The critical chain method is a recent alternative to the traditional critical path method, an alternative which is becoming more and more popular, but still lacks a formal description. It exists more or less on the level of ideas and seems to have quite a lot of gaps and non-researched areas. This paper constitutes an attempt to create a formal description of the method, trying and the same time to fill in some of the gaps and to indicate a further need for OR research.
Keywords: project management and scheduling, risk management, critical path, critical chaim