Reducing Product Duration

Reducing Product Duration

1. Cost Time Tradeoffs

2. Options for Accelerating Project Completion

   • Adding Resources
   • Outsourcing Project Network
   • Scheduling Overtime
   • Establisihing a Core Project Team
   • Do It Twice-Fast & Correctly
   • Fast Tracking
   • Critical-Chain
   • Reducing Project Scope
   • Compromise Quality

3. Project Cost

   • Indirect Cost
   • Direct Cost

4. Reducing Project Duration to Reduce Project Cost

5. Constructing a Project Cost

6. Cost-Duration Trade-off

7. Summary Cost by Duration

8. Project Cost-Duration Graph

9. Practical Considerations

   • Using the Project Cost-Duration Graph
   • Crash Times
   • Linearity Assumption
   • Choice of Activities to Crash Revisited
   • Time Reduction Decisions and Sensitivity