What are the formal steps to apply CCPM to multiple project portfolios?
What will be an ideal response?
The formal steps necessary to apply CCPM to multiple project portfolios include:
Identify the company resource constraint or the drum, the driving force behind multiple project schedules.
Exploit the resource constraint by preparing a critical chain schedule for each project independently, determining the priority among projects for access to the drum, and creating the multi-project drum schedule.
Subordinate the individual project schedules by scheduling each project to start based on the drum schedule, designating the critical chain, inserting capacity constraint buffers where appropriate, resolving any conflicts if the CCBs adversely affect the drum schedule, and inserting drum buffers to ensure that the constraint resource will not be starved for work.
Elevate the capacity constrained resource.
Iterate through this process starting with the second step.
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