About this Presentation
Whilst Critical Chain has an intuitive feel, few are willing to change their whole project portfolio management methods based on a feeling. In this keynote presentation, Alan Barnard will share examples where large organizations used simulation models - a digital twin of their project operations - to help them to test their different operating methods.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
Decision making in complex systems is challenging due to the many ways to fail, counterintuitive rules for planning and execution, and the large time gaps between causes and effects.
Building digital twins or dynamic simulation models of real-life systems can help predict the impact of decisions and make it easier to learn from mistakes.
Applying a work in progress (WIP) cap, prioritizing tasks based on their status, and using a dynamic WIP control can significantly improve project performance.
Instructor(s)
Dr Alan Barnard
Dr. Alan Barnard is a leading decision scientist and Theory of Constraints (TOC) expert with almost 20 years of experience working directly with Dr. Eli Goldratt, the creator of TOC. As the CEO of Goldratt Research Labs (USA), Alan focuses on using advanced technologies and decision sciences to develop Apps and Decision Support methods, enabling organizations to achieve more with less time. Under his leadership, Goldratt Research Labs has collaborated on innovation and research projects with renowned Fortune 500 companies like Microsoft, Cargill, BHP, Tata Steel, Amazon, and others, along with public sector organizations like Utah Governor's Office and UN WFP. Alan has held prominent roles in various organizations, including past-President of the South African Supply Chain Society SAPICS and past-President of TOCICO. His significant contributions have been recognized through prestigious awards, including inclusion in the 2020 Marquis Who's Who Global Listing, membership in the Forbes Technology Council, and the TOCICO Lifetime Achievement Award. He is an accomplished author and frequent presenter on Decision Making in a Complex World and Theory of Constraints at international conferences. Alan's latest book, "The Bottleneck - How to resolve our attention crisis," is currently in progress. As the chief architect of the award-winning HARMONY Decision Maker, Change Simulator, and Change Maker series of Decision Support Apps, Alan continues to shape the landscape of decision science and TOC. Please let me know if you need any further information or details.