Need 700 words Question 01. Explain in detail Eliyahu Goldratt’s Theory of Constraints with a brief note on...

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General Management

Need 700 words
Question 01.
Explain in detail Eliyahu Goldratt’s Theory of Constraints witha brief note on its application in Project Management.

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Explain in detail Eliyahu Goldratts Theory of Constraints with a brief note on its application in Project Management Theory Of ConstraintsTOC is the project management concept developed by Dr Eliyahu M Goldratt in 1984 It is a organizational change method that mainly focused on improvement of the profitIt is essential to have at least one constraints for every organization A constraint is the factor that limits the company from getting more of whatever it tries for usually it is profit The TOC identifies the organization limiting factor that stands against in the way of achieving the organizational goals and it systematically improve these limiting factor till the time it becomes no longer limiting factor In manufacturing process the constraint is often referredas bottleneck Many other non manufacturing constraints exists See Answer

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