DG#3- project schedules

DG#3- project schedules - Fast Tracking is a technique in...

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Hello all! I pray all is good with everyone. Happy Father's Day to all dads!!!   Enjoy your week! MLVTW (Marsha) One of the most common problems projects have is an unrealistic schedule.  During the course  of a project a project manager may need to determine if the project is running behind schedule  whether or not  to modify the schedule timeline. Using the technique of project schedule  compression involves taking the previously determined schedule and shortening the project  schedule duration . Schedule compression techniques include: 1. Crashing 2. Fast Tracking   Crashing  is a technique in which cost and schedule tradeoffs are analyzed to determine how to  obtain the greatest amount of compression for the least incremental cost. Examples include:  using overtime or using additional resources. This technique only works where additional  resources will shorten the duration.
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Unformatted text preview: Fast Tracking is a technique in which phases and activities normally performed in sequences are performed in parallel. This technique only works if activities can be overlapped to shorten the duration. The ramifications of compressing a schedule after work has begun could pose an issue. Changing the predecessor after work has started on the successor creates a potential rework situation and can increase project risk. Schedule compression shortens the project schedule not the amount of the work needed to be done. References: Mulcahy, R. (2009). Rita Mulcahy's PMP exam prep (p. 205). USA: RMC Publications, Inc. PMI. (2008). Project management body of knowledge (PMBOK Guide), fourth edition (pp. 156-157). Newton Square, Pa: Project Management Institute....
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This note was uploaded on 11/07/2011 for the course BA 645 taught by Professor Dr.morvey during the Summer '11 term at Ohio State.

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DG#3- project schedules - Fast Tracking is a technique in...

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