The critical chain is a series of connected events that prevent a task from being completed within a shorter period of time. The critical chain technique was first developed by Indian businessman Eliyahu Goldraft in the 1990s when he was working on his theory of constraints. The theory of constraints identifies that tasks have constraints and that identifying bottlenecks increases workflow. Goldraft used the project management theory to explain the hindrances that may prevent the smooth running of a project to be completed at its due date. The critical chain technique addresses the resource capacity issue, task limitations, uncertainties, and buffers of a project.
A buffer is simply an allocation of time that allows unexpected issues to be dealt with without disturbing the project’s delivery date.
The two types of buffers are as follows:
The image above demonstrates the concept of the critical chain technique.
In a nutshell, the critical chain technique is an excellent method to use when you want to beat the due date of an assigned project and hand it over in time.