Reducing Project Duration

Reducing Project Duration

1. Rationale

   • Time to Market
     • Rule of Thumb
       • 6 Month Delay
         • 35% loss in Market
   • Unforeseen Delay
     • Weather
     • Equipment
     • Incentive Contracts
     • Imposed Deadlines
     • Pressures to Move Resources

2. Option

   • Resources Not Constrained
     • Adding Resource
     • Outsourcing Project Work
     • Schedule Overtime
     • Core Project Team
     • Do it Twice - Fast & Correct
   • Resources Constrained
     • Improving Project Team
     • Fast Tracking
     • Critical-Chain
     • Reducing project scope
     • Compromise Quality

3. Project Cost

   • Duration Graph
     • Project Indirect Cost
     • Project Direct Cost
     • Cost Slope
       • Crash Cost - Normal Cost / Normal Time - Crash Time

4. Practical Considerations

   • Crash Time
     • Shortest Time
   • Linearity Assumption
   • Choice Activities to Cash Revisited
   • Time Reduction
     • Cost Time

5. Cost Issue

   • Reduce Project Scope
     • Scaling Back
   • Owner take more Responsibility
     • Reducing Cost
   • Outsourcing Activites
     • Some project is cheaper to outsource
   • Outsourcing Entire Project
     • Cheaper to Outsource
   • Brainstorming Cost Saving
     • Ask Team Members