Is it possible to shorten the critical path and save money? Explain how. Schedule compression includes both crashing and fast-tracking. Crashing is adding resources to a project activity so that it will be complete more quickly (Crowe, 2009).
Project crashing & fast tracking in project management. Retrieved from http://www.ianswer4u.com/2012/05/project-crashing-fast-tracking-in.html#axzz3uMUu2kXa Baqi, A. (2010). Cost and time crashing.
To speed up the project process are two main tools. One is fast tracking and the other is crashing. The first tool is fast tracking.
Ramifications of compressing a schedule are usually reflected on time, cost, scope and/or risk of the project. There are two techniques for schedule compression; Fast Tracking and Crashing.
When might a firm choose to crash a project? What factors must be considered in making this decision?
Project Crashing will be to execute the Project X in 8 weeks by reducing the duration between different project activities and by assigning additional resources.
If these indicators show any type of lag, fast tracking or crashing may be needed in order to get the schedule back on course. Also, if there is scope change within the project, the schedule may be affected.
Explain why you agree or disagree and provide any additional points you feel would have added to the article. Article Title: Fast-Tracking the Procurement Process.
-Explain, with two examples, how the Top Ten Risk Item Tracking approaches help in monitoring risks. -Discuss the efficacy of this system for identifying and monitoring potential black swan events.
Other techniques include fast tracking and crashing. http://glossary.tenrox.com/Resource-Leveling.htm What are any four heuristics for prioritizing resource allocation to activities? Why would a project manager choose one above another?
At times, there is misalignment between the business and the project team. Other reason could be miscommunication which can include progress tracking and reporting which are important.