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Project cost-duration graph, Options for Accelerating Project Completion,…
Project cost-duration graph
Find total direct costs for selected project durations
Compare additional cost alternatives for benefits
Sum direct and indirect costs for these selected project durations
Find total indirect costs for selected project durations
Determining Activities to Shorten
Options for Accelerating Project Completion
Options When Resources Are Not Constrained
Outsourcing
Establish a Core Project Team
Fast-tracking
Project Costs
Indirect costs
Costs that cannot be associated with any particular work package or project activity
administration
consultants
interest
Supervision
Direct costs
Normal costs that can be assigned directly to a specific work package or project activity
materials
equipment
Labor
subcontractors
Crashing
Shortening an activity
Crash point
represents the maximum time an activity can be compressed
Crash time
The shortest possible time an activity can realistically be completed in