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Lesson 5 PDF
Lesson 5 PDF
– If any other path has a duration equal to the critical path, it will greatly
increase risk for the project because you now have to manage two critical
paths.
– Once you determine which activities can be fast tracked, you will start
working on them to reduce the schedule.
– The benefit of fast tracking is that it does not cost you any extra money;
however, it comes with some increase in risks, you are now performing
many activities in parallel which were originally planned in sequence.
– Usually sequential activities can be fast tracked by 33%. This mean if the
previous activity is 66% completed, you can start next activity. Here, both
activities will be partially overlapped. Although it will increase the risk, the
level of risk impact should be within acceptable limits.
– Fast tracking helps you reduce the duration of the schedule, within limits; if
you continue to fast track after this limit, it may increase the risk beyond
acceptable levels and lead to possible rework.
• Crashing
– Crashing is another schedule compression technique where you add
extra resources to the project to compress the schedule.
– In crashing, you review the critical path and see which activities can
be completed by adding extra resources. You try to find the activities
that can be reduced the most by adding the least amount of cost.
Once you find those activities, you will apply the crashing technique.
– While doing crashing, you will keep tab of the other paths as well,
because it is also possible that the duration of other paths could
become equal to, or greater than, the duration of your critical path.
– When you start this schedule compression process, you will initially
get more reduction in duration with less cost input; however, as you
continue with this process, the cost increases at a very fast rate with
a smaller reduction in time.