Critical Chain Project Management is based on Theory of Constraints, a concept coined by Eliyahu M. Goldratt. Though I had heard of this term before, it was only after I read a title called 'Critical Chain' that I could reckon that it is a very unique concept. The techniques encouraged to manage project costs and overruns and buffer management are very different from the kind of project management I have worked with.
The question is, is Critical Chain just a theory that sounds very good, or does it have practical utilization? Has anyone here ever used Crical Chain to manage projects? I would like to know how effective and beneficial this theory is in the field.
Thanks.