DEFINITION OF TERMS

FONTS To accelerate the process or progress of a project: to speed things up

EXPEDITING

RESOURCES Refers to an important thing

CRITICAL
THANKS SLIDE

TIME Speeding things up with respect to time while still moving normally
ACCELERATION
COLORS

LEAST-COST These can be used in the template, and their size and color can be edited

SUBCONTRACT Involvement of a third party that would provide all work on a specific part of the project

INFOGRAPHIC RESOURCES
 DEFINITION OF TERMS
FONTS Created prior to schedule: ready-made
PRE-FABRICATED

RESOURCES Combination of operational research and practical development in development and design
LEAN
CONSTRUCTION
THANKS SLIDE

ALLOCATION The act of setting apart a resource for a particular

INFOGRAPHIC RESOURCES

CUSTOMIZABLE ICONS
NEED FOR TIME REDUCTION
Time reduction is needed so that a job
can be done on the project target
dates with reasonable accuracy.
TIME SCHEDULE ADJUSTMENTS

Pertains to the act of adjusting project work

schedules to accommodate adverse job
circumstances.

These revisions are often essential so that contract

time requirements can be met.
 GENERAL TIME-REDUCTION PROCEDURE

LEAST-COST
EXPEDITING

Shortening
PROJECT
Project Time
COMPRESSION
Duration

TIME-COST
TRADE-OFF

To shorten the time period required to reach a milestone or interface event or to

achieve project completion, one needs be concerned with reducing the time
durations of only a certain group of activities.
2 WAYS IN SHORTENING THE LONGEST
TIME PATH

1 to modify the job logic in some way, such that the

longest route is diminished in length

2 to reduce the duration of one or more of its constituent

activities.
 PROJECT DIRECT COST

DIRECT COST are costs that can be

directly attributed to a specific project,
such as labor, raw materials, subcontractors,
and equipment rental costs.
 PROJECT EXPENSES

Normal Cost
-refer to the minimum
time and cost required to
Direct Cost Indirect Cost
complete an activity.

are expenses that can be

are more general and
cannot be attributed to any
Normal Duration
traced to a specific product,
service, or activity, and it
forms part of the cost of
specific product, service, or
activity, and it may form
part of either cost of sales
-is the shortest possible duration
required for completing the activity,
sales.
or operating expenses.

while the normal cost is the least

direct cost required to complete the
l
abor, raw materials, and eq
uipment rental costs
management, general admi
nistration, rental and utility activity.
costs
.
VARIATION OF ACTIVITY DIRECT COST
WITH TIME

-is usually measured by the direct labor efficiency variance.

This variance compares the actual labor time taken to carry
out an activity with the standard time allowed and values
the difference at the standard direct labor rate per hour.

DIRECT LABOR VARIANCE:

(Actual Cost – Standard Cost allowed) (No. of Working Hours)

 PROJECT INDIRECT COST

are expenses that are not directly accountable to a specific

cost object, such as a product, service, or project. They are
needed to operate the business as a whole and include
expenses such as administration, personnel, security,
supplies, utilities, equipment rental, and computers
..
This is also termed or known as PROJECT OVERHEAD.
TIME-COST TRADE-OFF BY COMPUTER

is a project management technique that involves accelerated

activity durations obtained by allocating more resources,
leading to shorter project duration and lower indirect cost
at the expense of higher direct cost.
PRACTICAL ASPECTS OF TIME REDUCTION

The number of possible expediting combinations to be tested, if an optimal

solution is to be achieved, can become very large. It must be recognized,
therefore, that the usual manual time reduction will certainly not always
provide project management with truly optimal expediting combinations.
However, mathematical precision with imprecise data is neither the only nor
necessarily the most important consideration involved in such a process.
REDUCTION OF PROJECT DURATION

Costs are necessarily involved with time reduction because

construction expense is a function of time.
(Time is money.) When extra cost is involved, project
shortening is achieved by evaluating the feasible
alternatives and, normally, adopting the least-cost
combination of those that will produce the desired time
adjustment.
 5 SECTIONS ON HOW OVERALL DURATION CAN
BE REDUCED

Restudy of Critical Subdivision of

Restudy of
Critical Activity Activities in Critical Subcontracting
Project Plan
Durations Parallel Activities

Errors can be rework or refine shorten the subcontract

made to
made, and it is the logic of a critical path if it is certain work that
determine if each
worthwhile to verify limited area of possible to the general
critical activity
the the network that perform certain contractor
must necessarily
reasonableness of will result in a critical activities originally
be completed
the time durations shortened critical concurrently or in intended to do
before the next
originally estimated path parallel rather with its own
one can start
than in series. forces
LEAST-COST EXPEDITING

With the help of the Critical Path Method

(CPM), Least-Cost expediting enables
the contractors to know where and
when to put pressure where it will do
the most good to speed up a project
quickly and efficiently at the lowest
possible cost
 PROJECT SCHEDULE ANALYSIS

Baseline Assessment
1 Assess the current project
schedule to identify areas for
Critical Path Analysis
optimization and acceleration.
Analyze the critical path and
eliminate any bottlenecks or
2
dependencies that may hinder
Resource Optimization
Optimize resource allocation and
progress.
3 utilization to streamline project
execution and reduce unnecessary
delays.
TOOLS AND TECHNIQUES USED FOR
PROJECT TIME ACCELERATION
Pre-fabrication
Utilize pre-fabricated components to
reduce on-site construction time and
Building Information
Modeling (BIM)
Implement BIM technology to enhance

increase productivity. coordination, minimize errors, and improve

project sequencing.

Virtual Reality (VR)

Lean Construction
Simulations
Adopt lean construction principles to Use VR simulations to visualize and
eliminate waste and optimize workflows validate construction sequences,
for faster project delivery. identifying areas for time-saving
improvements.
5 Methods to Achieve Project
Acceleration
1. Add more resources
2. Increase working hours
3. Reallocate Resources From Other Tasks
4. Overlap Activities By Consolidating
5. Look For Inefficiencies & Address The Largest Ones
LIMITATIONS ON TIME-REDUCTION STEPS

5
Shortening limited by an
irreducible critical path

4
Shortening limited by a
parallel critical path

3
Logical limit of a network
logic change

2
Logical limit of a critical
activity
1
Physical limit of a critical
activity
 POTENTIAL DRAWBACKS OF TIME
ACCELERATION
Risk of
Quality
schedules requires meticulous
Compromises
Accelerating project schedules
may pose challenges to ensure
high-quality workmanship and
attention to detail.
Increased
Project
Management
Complexity
Managing accelerated Supply Chain
planning, coordination, and Disruptions
communication among
stakeholders. Fast-tracking construction
projects can put strain on the
supply chain, leading to
material shortages or delays.