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Ch. 9 Reducing Project Duration (Why? (time to market, competitive…
Ch. 9 Reducing Project Duration
Why?
time to market
competitive advantage
business survival
unforseen delays
costs to get back on schedule
incentive contracts
imposed deadlines
when resources aren't constrained
adding resources
outsourcing project work
scheduling overtime
core project team
do it twice
when resources are constrained
improve efficiency of team
fast-tracking
critical-chain
reduce project scope
compromise quality
project costs
indirect costs
overhead costs
any work package
any activity
vary with time
direct costs
labor
materials
equipment
subcontractors
directly to work package/activity
normal costs
normal time
project cost-duration graph
find total direct costs
find total indirect costs
add direct and indirect costs
used to compare cost alternatives
crash times
linearity assumption
risks need to be considered
cutting costs options
reduce project scope
owner takes more responsibility
outsource
brainstorm cost saving ideas