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This is the recording of a live conversation I had with Dr. Efrat Goldratt-Ashlag to explore how the principles from the Theory of Constraints can be applied to multi-project environments (Digital transformation efforts) to deliver projects on time, on budget and on spec.
She shared insights from her latest book (now available in Worldwide) Goldratt’s Rules of Flow to help us understand how to increase the velocity and throughputs of project deliveries within our organisation.
We covered the following topics in the conversation:
1. Introducing the work of Dr. Efrat Goldratt-Ashlag
2. Do 70% of projects really fail to achieve their goals? Why? And how can we address it?
3. The importance of triage in a multi-project environment instead of focusing on improving productivity
4. Whose job is it to identify the constraints in a multi-project environment?
5. Why is flow important in the Theory of Constraints? And what are the fundamental rules of flow?
6. How do organisations make the shift from their current operating model to the ToC model?
7. When you want to go farther, focus.
8. The psychological cost of the wrong assumptions that run multi-project environment
9. What is a Full kit? The importance of Full Kit.
10. How to deal with an external customer and run projects the ToC way and does this work for projects with no clear end date?
Here are the Rules of Flow that Efrat talks about in her book:
1. Avoid bad multitasking and control your work-in-progress.
2. If you don’t want to get stuck, verify full-kit before you get going.
3. Triage to ensure you are working on the right priorities.
4. Ensure synchronisation between tasks, people and resources.
5. If you keep going back to the same projects and you don’t get the desired results, look into the option to increase the dosage.
6. Avoid unnecessary rework by finding what causes it.
7. Standardization is recommended when improvising is costly.
8. Abolish local optimum, global optimum is what matters.
You can watch our entire conversation on YouTube here.
You can watch the session delivered by Rami Goldratt that I mention in the conversation here.
#TheoryOfConstraints #ToC #CriticalChain #ProjectManagement #ontime #onbudget #onspec #DigitalTransformation #EliyahuGoldratt #Goldratt
You can connect with her @ https://www.linkedin.com/in/dr-efrat-goldratt-ashlag-44046212a/
You can find Dr Efrat’s book: Goldratts Rules of Flow @ https://amzn.to/3Q6mqik
You can find Dr. Goldratt’s book, The Goal @ https://amzn.to/3MBsYEL
Connect with me at https://linkedin.com/in/rmukeshgupta
My books:
Thrive: https://amzn.to/493brhZ
Your startup Mentor: https://amzn.to/3FrBbHr
Being Happy: https://amzn.to/3QsE4xO
