Theory of Constraints
The Theory of Constraints is a management philosophy according to Eliyahu M. Goldratt that aims to identify and optimize bottlenecks in a system in order to improve overall performance. A bottleneck is the limiting factor that determines the throughput of a system.
The concept of the critical path, which focuses on all activities without buffer times, is also bottleneck-oriented. If one such activity is delayed, the duration of the entire project is automatically delayed.
The Theory of Constraints (TC) offers a structured method for process improvement and can be applied in various industries and areas. The critical path is a typical project management approach.
Related methods
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