TY - JOUR
T1 - The 25/25 rule
T2 - Achieving more by doing less
AU - Ronen, Boaz
AU - Lechler, Thomas G.
AU - Stohr, Edward A.
PY - 2012/12/15
Y1 - 2012/12/15
N2 - Many organisations suffer from a self-inflicted wound - they attempt to do too much! As a result, nothing is done well and profits suffer. Our article addresses this problem by suggesting that managers should focus on a subset of their current initiatives - a subset selected to maximise returns without overstraining resources. We address the following issues: What are the symptoms of work overload? How does an excessive workload adversely impact the bottom line? How can managers determine the throughput capacity of their organisation? What can be done to address the problem of excessive workload? Many, if not most, organisations attempt to operate beyond their capacity, with the result that inefficiencies abound, deadlines are missed and profitability drops. Based on research and consulting experience in many companies, our paper explains the basic concepts of the 25/25 approach to project portfolio management - an approach designed to increase profitability by concentrating only on the work that is essential to the survival and profitability of the organisation. The approach has been successfully applied to dozens of public and private sector organisations companies.
AB - Many organisations suffer from a self-inflicted wound - they attempt to do too much! As a result, nothing is done well and profits suffer. Our article addresses this problem by suggesting that managers should focus on a subset of their current initiatives - a subset selected to maximise returns without overstraining resources. We address the following issues: What are the symptoms of work overload? How does an excessive workload adversely impact the bottom line? How can managers determine the throughput capacity of their organisation? What can be done to address the problem of excessive workload? Many, if not most, organisations attempt to operate beyond their capacity, with the result that inefficiencies abound, deadlines are missed and profitability drops. Based on research and consulting experience in many companies, our paper explains the basic concepts of the 25/25 approach to project portfolio management - an approach designed to increase profitability by concentrating only on the work that is essential to the survival and profitability of the organisation. The approach has been successfully applied to dozens of public and private sector organisations companies.
KW - Theory of Constraints
KW - efficiency
KW - project portfolio
KW - throughput maximisation
UR - http://www.scopus.com/inward/record.url?scp=84868693419&partnerID=8YFLogxK
U2 - 10.1080/00207543.2011.636387
DO - 10.1080/00207543.2011.636387
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AN - SCOPUS:84868693419
SN - 0020-7543
VL - 50
SP - 7126
EP - 7133
JO - International Journal of Production Research
JF - International Journal of Production Research
IS - 24
ER -