Summary of Thierry & Tobias - I have 99 Problems - Where Do I Start? The Theory of Constraints Applied (EN)

00:00:00 - 00:40:00

Thierry and Tobias discuss how the theory of constraints can be used to improve project management. They explain that by identifying and exploiting the bottleneck in a project, one can improve throughput. They also discuss how important it is to constantly repeat steps in order to overcome any obstacles.

• 00:00:00 The speaker describes how, in their previous job, they felt out of their comfort zone and were unsuccessful in accomplishing anything. They explain that, in order to be productive, one must have a clear goal and know how to achieve it. The speaker discusses how, in their current job, they have no idea what the goal is or how to achieve it, and their promotion is contingent on improving performance.
• 00:05:00 The video discusses how an organization should aim to make money, and provides examples of how to do so. The main points are that an organization should aim to make money by either spending less or earning more, and that operational expenses (salaries, computer costs, etc.) are important in this calculation. The presenter goes on to say that an organization's net profit, return on investment, and cash flow are not sufficient measures of success, and that throughput (sales), inventory (assets), and operational expenses (interest) are better metrics.
• 00:10:00 The video discusses how implementing changes to a business' workflow can impact its sales and overall goal. It also discusses how quality assurance works and how it may or may not impact throughput.
• 00:15:00 The video discusses the theory of constraints and how they are applied in software development. It goes on to discuss how the use of automated acceptance testing has improved the quality of development projects. However, some projects still do not produce results that are worth the cost.
• 00:20:00 In this video, Thierry and Tobias discuss the theory of constraints and how they are used in project management. They explain that while every system has a bottleneck, not every system has a governing bottleneck. They go on to explain that in order to find this bottleneck, you need to look on the work floor.
• 00:25:00 The video discusses the theory of constraints and how it can be used to improve throughput on a project. It explains that in order to improve throughput, work should be moved to production as quickly as possible before the whole product is finished. This can be difficult to implement, but the benefits are worth it.
• 00:30:00 In this video, Thierry and Tobias discuss how the theory of constraints can be applied to projects. First, they discuss how two projects can be completed faster than if they were done in sequence. Second, they discuss how one project can bottleneck other projects, and how to take advantage of this. Finally, they discuss how to manage a high throughput and improve customer feedback.
• 00:35:00 In this video, Thierry and Tobias discuss the theory of constraints and how it can be applied to projects. They discuss the two phenomena dependent events and statistical fluctuation. They discuss the importance of introducing slack into a project in order to allow for unpredictable events to happen and not be too complacent. They also discuss the importance of constantly repeating steps in order to overcome any obstacles.
• 00:40:00 The video discusses how to improve one's performance by following five steps: identifying the constraint, exploiting the constraint, subdividing everything to conform to the constraint, elevating the constraint, and repeating steps 1-5.