ASSIGNMENT 91Reducing Project DurationBrandy M. HorneDakota State UniversityProject & Change Management
ASSIGNMENT 921.What are the five common reasons for crashing a project?Crashing a project refers to the process of ‘adding resources to one's project tobe able to finish it faster' (Monnappa, 2017). Notwithstanding the benefits afforded to projects by crash methods, 'decision to crash should only take place after you have carefully analyzed all of the possible alternatives. The key is to attain a maximum decrease in schedule time with minimum cost' (Dianahardin, 2018, p.1). Many reasons support the need to 'crash' a project; however, the five most common reasons include time to market, adaptability, unforeseen situations, incentive contracts, and imposed deadlines (Gray & Larson, 2018).One of the most common reasons to crash a project is based on time to market drivers. Organizations need to launch new products and services to consumers as quickly as possible to stay relevant and competitive. According to Erik Larson and Clifford Gray 'strategy is fundamentally deciding how the organization will compete. The organization uses the project to translate strategies into new products, service commas, and processes needed for success. Project managers need to think and act strategically' (p. 27). Good project managers make better decisions when they are up to date with current organizational strategies and goals.Organization long-term success depends on how well projects can adapt to constant market changes (domestic or global). For example, 'social distancing' practices caused by the COVID-19 virus outbreak have hurt manufacturing. Daimler Trucks North America (DTNA) shut down two of its manufacturing facilities to support the well-being of its employees (social distancing). The consequence of these facilities are reductions in employee income and benefits.Unpredictable situations can lead a project manager to crash a project. Considering the impact of COVID-19 on the organization, the ability to end the project quickly is crucial because it may prevent canceling the project due to a lack of funds (at least for a while). For example, a project supporting a product launch may need to complete now in order to be able to launch a new product by the end of the year.
ASSIGNMENT 93Incentive contracts often include a clause indicating that if the contractor achieves goals set outside of the project scope, they are paid more money (U.S. Legal, Inc, 2018). For instance, a person contracted by a Marketing Agency for design work earns an extra $20,000 if they complete the project one month early.When a project has an imposed duration, finishing the project sooner than later is in the best interest of the project manager and team. A duration imposed on a project dictates when a project must end; therefore, all essential activities must begin on time. Crashing a time-constrained project by adding more people to the project team can help speed-up the completion of the project. The downside to adding