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23download_doc-12.php - OpsSession4 ProjectManagement o...

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Ops Session 4 Project Management o Crashing o CPM with 3 time estimates Project Crashing (reducing the length of time of a project) o Estimated time is fixed…no more o Can reduce through additional resources Manpower, equipment o Direct cost of activity is always increased Motivation o Need to reduce time of project because: Requirement to complete in specified time frame Economic advantage o Three kinds of costs Crash costs (activity direct costs) Can be given directly, or need to determine through linear  interpolation Administration costs (or project indirect costs) Penalty costs o Incur crash costs to avoid administration and penalty costs Procedure o Always crash one period at a time! o 1. Identify options – critical activities o 2. Select least expensive o 3. Savings? Implement is so. Update all paths
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This note was uploaded on 04/18/2011 for the course BUS 370 taught by Professor Camp during the Fall '09 term at Indiana.

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23download_doc-12.php - OpsSession4 ProjectManagement o...

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