September 2010
Intermediate to advanced
256 pages
5h 57m
English
Content preview from The McGraw-Hill 36-Hour Course: Operations ManagementBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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CHAPTER 11PROJECT CONTROL
Two are better than one, because they have a good return for their work.
—ECCLESIASTES 4:9
Earlier in the book, we talked about the Pareto principle (also known as the 80/20 rule) in the context of quality management: 80 percent of quality problems typically arise from 20 percent of the possible causes. I believe that the Pareto principle applies in another way: 80 percent of the work in project management—that is, defining the project, breaking down the work, developing the network, and evaluating the schedule—yields 20 percent of the benefit. Subsequently, especially for complex projects, 80 percent of the benefit of formal project management comes from the remaining 20 percent of the effort, or project control. There ...
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