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Crash
Term for shortening the duration of an activity or a project beyond when it normally can be done
What to do to accelerate project completion (resources are not constrained)
Add resources
Outsource project work
schedule overtime
Establish a core project team
do it twice
What to do to accelerate project completion (resources are constrained)
Improve project team efficiency
Fast tracking
Use critical-chain management
reduce project scope
Compromise quality
Project Indirect Costs
Costs that cannot be associated with any particular work package or activity (overhead costs, administration, consultants, interest) vary directly with time)
Project Direct Costs
Costs that are assigned directly to a work package and activity (labor, materials, equipment, subcontractors)
Crashing Steps
Analyze Network - Determine Critical Path(s)
Find the lowest cost activity on the critical path to crash
Reduce the lowest cost task by exactly one time unit
Rewrite the duration for all tasks on the next worksheet
Repeat step 1 until you hit the crash point
Collect duration, direct costs and indirect costs data
Find low cost/ low time solution