3110_Lecture_Ch09

3110_Lecture_Ch09 - Project Management Instructor: Dr. Vish...

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1 ©All Rights Reserved by Dr. Vish Hegde 1 Project Management Instructor: Dr. Vish Hegde Lecture Chapter 9 Rationale for Reducing Project Duration • Time Is Money: Cost-Time Tradeoffs – Reducing the time of a critical activity usually incurs additional direct costs. • Cost-time solutions focus on reducing (crashing) activities on the critical path to shorten overall duration of the project. – Reasons for imposed project duration dates: • Customer requirements and contract commitments • Time-to-market pressures • Incentive contracts (bonuses for early completion) • Unforeseen delays • Overhead and goodwill costs • Pressure to move resources to other projects ©All Rights Reserved by Dr. Vish Hegde 2
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2 Options for Accelerating Project Completion • Options when resources are not constrained – Adding resources – Outsourcing project work – Scheduling overtime – Establishing a core project team – Do it twice – fast and correctly • When resources are constrained
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This note was uploaded on 05/18/2011 for the course MGMT 3110 taught by Professor Hegde during the Fall '10 term at CSU East Bay.

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3110_Lecture_Ch09 - Project Management Instructor: Dr. Vish...

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