How do you apply theory of constraints?

User Generated

fzvggl3598

Business Finance

PM7012V3

Northcentral University

Description

Specifically assess how the theory can be applied to a system view of maximizing organization performance and effectiveness. Provide a recommendation for how you will prioritize and manage the multiple project resources.

Support your paper with a minimum of five (5) external resources In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.

Length: 5-7 pages not including title and reference pages

Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University's Academic Integrity Policy.

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Explanation & Answer

Attached.

Running head: THEORY OF CONSTRAINTS

Theory of Constraints
Name
Institutional Affiliation

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THEORY OF CONSTRAINTS

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Theory of Constraints
Introduction

In about three decades ago, the theory of constraints was designed by Goldratt as a
scientific method to improvement and effectiveness. This theory advocates that each system has
at least a single constraint, which works to limit it from optimizing on performance in relation to
attaining its goals. These constraints could be sources, markets, procedures or policies,
measures, or even individuals. Paying emphasis on even a single constraint could enable an
organization to achieve significant system improvements. As such, no constraint should be
regarded as bad but have to be perceived as the leverage point for the organization in enhancing
the whole system while achieving the set goals. Thus, this paper describes the process of
logistics of the medical records and management control that can be used in efforts to improve it,
using the theory of constraints.
Application of Strategic Management Theories
Killen, Jugdev, Drouin and Petit’s (2012) paper focused on the application of strategic
management theories into project management as well as project portfolio management. In
particular, they made use of the dynamic capacities, resource-based view, as well as absorptive
capacity. They argue that strategic management theories are important as they bring about
advances and contribute to the development of the field. They also argue that strategic
management theories can be applied to a wide array of environments or contexts, especially
using a diversity of methodologies at different levels of analysis. For Killen et al (2012), the
application of theories, especially to project management and portfolio management, leads to
successful outcomes.

THEORY OF CONSTRAINTS

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Martinsuo and Lehtonen’s (2007) paper evaluated ways in which single-project
management contributed to project portfolio management efficiency. According to them, earlier
studies and literature in the field have suggested that single-project management could have a
positive relationship with project-level success, especially in increasing levels of effectiveness.
In their findings, Martinsuo and Lehtonen’s (2007) establish a mediating as well as direct role of
project management effectiveness. Moreover, their findings al...


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