Total project control
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Total project control (TPC) is a project management method that emphasizes continuous tracking and optimization of return on investment (ROI). It was developed by Stephen Devaux. It builds upon earlier techniques such as earned value management, critical path method, and program evaluation and review technique, but uses these to track and index projected project profitability as well as the more traditional cost and schedule.[1] In this way it aims to manage projects as profit and investment centers, rather than cost centers.
Introduced with TPC are a variety of project management metrics and techniques, among them critical path drag,[2][3] the value breakdown structure (VBS), Devaux’s Index of Project Performance (the DIPP),[4] Doubled Resource Estimated Duration (DRED), and Cost of Leveling with Unresolved Bottlenecks (CLUB).
Sources
- ^ *Devaux, Stephen A. (1999). Total Project Control: A Manager's Guide to Integrated Project Planning, Measuring, and Tracking (pp. xxiv–xxvi) New York, NY: Wiley. ISBN 0-471-32859-6.
- ^ William Duncan and Stephen Devaux "Scheduling Is a Drag" Projects@Work on-line magazine
- ^ Stephen A. Devaux "The Drag Efficient: The Missing Quantification of Time on the Critical Path" Defense AT&L magazine of the Defense Acquisition University.
- ^ Stephen A. Devaux ["When the DIPP Dips: A P&L Index for Project Decisions"] Project Management Journal, Vol XXIII, No. 3, Sep 1992, pp. 45 - 49.
Further reading
- Wideman, R. Max (2004). Total Project Control: A book review
- Gideon Koch (2013) . Value Breakdown Structure VBS
- Kjetil Strand (June 3, 2014), “ACE Introduces the Value Breakdown Structure!” [1]
- Stephen A. Devaux (June 16, 2014), “The Value Breakdown Structure: Features and Benefits”. [2]