The author's goals in this exercise were to use an Excel project to teach students about the effects of changing states of nature on critical path emergence as well as compare the impact of the PERT beta and triangular distributions on project completion times. Previous research into the PERT (program evaluation and review technique) beta…

Master of business administration (MBA) programs are under intense pressure to improve efficiencies, lower tuition, and offer refreshed curriculum that is of high quality and regarded as relevant by the marketplace. In light of this environment, the authors propose a conceptual framework for effectively employing operations management (OM)…

Critical Chains project management focuses on holding buffers at the project level vs. task level, and managing buffers as a project resource. A number of studies have shown that Critical Chain project management can significantly improve organizational schedule fidelity (i.e., improve the proportion of projects delivered on time) and reduce…