Capacity

Capacity is the amount a given group, team, or individual can produce. It is determined by factors such as productivity, staffing, hours of operations, equipment limitations, defects/scrap, setup time requirements, number of shifts, equipment maintenance requirements, and a host of other factors. When does capacity become most important? As any Read more…

Buffer Time

Buffer time, in project management, is the extra time added into a time estimate to keep a project on track. The purpose of this leeway in planning is risk management. It allows project managers to be able to account for unforeseen situations without having to change the coordination of a Read more…