Laconic and Lucid of "The Critical Chain" Part 1

This Book is an excellent explanation of Project Management

This book has been a great help in understanding Project Management (PM) from a different perspective even after having the most uncertainties in the real life projects. I will be picking up some laconic from the book which can make us understand the PM in a better and simplified way. The first and most realistic “Uncertainty existing in every project is the underlying main cause for most problems”. During the tenure of the projects there are blame games everywhere which is a common phenomenon in the company and the lower the position of the manager the more the finger points not just outside (Uncertainty, Vendors, etc.) the company but inside as well.

Every company want its costs down and the companies try to cut it where ever possible but sometimes the cutting goes way off the track and they are so immersed in the mentality of saving money that they forget that the whole intention of a project is not to save money but to make money. Although I know most of the people reading, might know this but a reminder is what brings it back, until then it is lost somewhere in our sub-conscious mind.  

Now there is always been a fight when to use resources assuming we have it present whenever we want. Considering that we have a start of a project on Day 0 and there is parallel process (Process 2) which needs to be completed before it. The process 2 is not the critical path. The process 2 can be started at the time process 1 starts, then we will find that the process 2 has completed well ahead of time, when it can be used. Or the other can be we start the process 2 with a delay of sometime such that it completes almost the day before it is needed(not necessary to be completed on the day, can be a day earlier).  So the point is we have to weigh the savings from postponing an investment against the chance of damage resulting from finishing the project a little late. But also from experience it is seen if we start too many things at the same time, we are bound to lose focus and losing focus is one thing a project leader cannot afford.

Source:- The critical Chain from Eliyahu M. Goldratt
Note:- There are some excerpts that have been added from my side