Abstract
To maximize the potential of Critical Chain (CC) to enrich project management practice, I discuss Eliyahu Goldratt's work in the context of his entrepreneurial career. I show that PERT/CPM had been an instance of Goldratt's “Theory of Constraints” (TOC) before Goldratt had articulated it. I also highlight errors and questionable recommendations he made. Nonetheless, CC provides a more holistic approach than the typical practice before. I (1) discuss CC and TOC, including strengths and weaknesses, in the relevant context; (2) provide earlier sources for the major so-called Goldratt innovations; (3) identify opportunities for immediate improvement and future research highlighted by Goldratt's work.
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