You’ve done all your analysis, collected the duration estimates from your team,
ID: 447090 • Letter: Y
Question
You’ve done all your analysis, collected the duration estimates from your team, and developed a beautiful project schedule. You provide it to your sponsor or customer and they say? “Get it done faster”, of course. There are two techniques that can be used to shorten the project duration while maintaining the project scope: fast-tracking and crashing.
Compare the difference between these two techniques.
Describe the five factors that may limit how fast the project can be completed. Give an example of each.
Explanation / Answer
To understand the difference we need to understand what these techniques means
Fast tracking - is a techniqie wherein the task or activities are done simultaneously or side by side
it increases the risk ,but is a useful technique when pressed for time
Crashing - is a technique when there cannot be a compromise on the cost and quality ,therefore the time schedule is compressed without a change in cost to get the task completed
the two techniques differences
the five factors in any given project that can impact how fast a project can be completed is
Time, Cost ,Quality ,Scope and Resources
In a project parlance these are also known as Project Constriants
Time - is the schedule management which factors in the details about every minute spent on an activity in order to complete a task
Cost - is the budget within which the task has to be completed
Quality - aims at the what the project intends to achieve
Resources - is the manpwer required to complete the task in a given time and within budget
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