REDUCING PROJECT DURATION

REDUCING PROJECT DURATION: "No project is implemented in isolation. Events happening around the project may affect its progress. A nation-wide strike, an un-expected calamity or an abrupt economic change may bring the project to a grinding halt. Even if everything goes well, the sponsors may be tempted to enter the market early. In all cases, the project manager plays a vital role in shortening the project schedule. To start with, a manager should study fast-tracking or shift to an advanced technology. If nothing helps, more resources can be introduced for an early completion. Since it would invariably result in more costs, a manager must find out if, within the same time-frame, the costs could be brought lower than the crash-cost limit. This has been explained by Crashing Techniques through an example of a Yacht Project."