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HS2-CVE80001 | Theory of Constraints for Project Management | Management

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Introduction

The research aims at understanding how the application of the theory of constraints in project management improves the performance of the systems. This paper, after a brief review of the main streams of study on TOC, identifies and discusses the key application of TOC. A comparison of various success factors and barriers from the application of TOC are identified and assessed to conclude why the Theory of Constraints must be implemented. 

What is the Theory of constraints?

TOC’s main principle is system improvement by focusing on significant issues. These obstacles that get in the way of a company’s profit is considered to be constraints of that project. Hence, to enhance the production system, the main goal is to identify these constraints. 

Aims & Objectives

Aim: The aim of the research is to understand how the application of the theory of constraints in project management improves the performance of the systems along with their benefits and drawbacks.

Objectives: Assess and evaluate the concepts of TOC and its implementation to project management from the existing case studies.

Identify the success factors & challenges by the application of the theory of constraints in project management. 

Critically compare applications of TOC with specific tools and assess the performance to demonstrate why it should be adopted as an approach towards the success of the company.

Research Methodology

The research method adopted to achieve this study is the Qualitative Research Methodology. The qualitative research method is a scientific method of collecting and working on non-numeric data and helps us to investigate and understand the detailed explanation of the existing studies.

We have chosen Case study analysis and Systematic literature review. The reason for choosing a case study analysis is to compare and find the benefits and crucial issues associated in the implementation of TOC. The most essential research approach would be the literature review which helps in analysing data from the secondary data sources. This helps us to determine the existing research frameworks and understand the concept of the research topic with evidence thereby helping us to identify research gaps which in turn helps in concluding why TOC applications should be adopted.  

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