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Can Reducing duration in projects shorten the critical path and save money?
Wiki User
∙ 11y ago
Only if the tasks that are reduced in duration are on the critical path. Of course you can't arbitrarily reduce duration and what you do could increase costs e.g. doubling up on resources.
Wiki User
∙ 11y ago
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Why is it important to determine the critical path of a project?
The critical path helps you in determining how to accelerate your project by compressing tasks. Putting more people on critical path tasks and finishing it earlier will shorten the duration of the project (this is called crashing).
Is it possible to shorten the critical path and save money?
Yes! One reason that this is possible is due to the inverse relationship of direct cost and indirect costs. That is, an increase in project duration usually means a lowering of direct costs and an increase in indirect costs. An analysis can determine the optimum (lowest) total cost as the project duration time is reduced. Individual activities are shortened in order to achieve the lower total duration (which sometimes results in the creation of additional critical paths). However, the total cost vs. project duration can be considered parabolic - this is, because the direct costs are curvilinear while indirect costs are fairly linear. In other words, you can only shorten activities and reduce a certain extent before the time/cost reduction effect reverses itself.
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Président-directeur général shorten PDG
What are the options available to the Project Manager to reduce the duration of the project?
Schedule compression is an attempt to shorten the project schedule without changing the project scope. It may be necessary in order to deal with schedule-related constraints and objectives. It is true that you, the project manager, build the schedule through cold, hard mathematical analysis, and you don't just accept whatever schedule goals come down the pipeline from elsewhere (usually the top), such as from the customer or the project sponsor. However, once you have the schedule built through analysis, you can attempt to accommodate some critical stakeholder expectations or hard deadlines, such as a predetermined project finish date.In the previous section we already saw about Resource Leveling that can be used to accommodate hard deadlines for certain activities. There are two other techniques that can be used for compressing the project schedule. They are:Crashing - This is a project schedule compression technique in which cost and schedule tradeoffs are analyzed to decrease the project duration with minimal additional cost. A number of alternatives are analyzed, including the assignment of additional resources. Approving overtime pay for project resources is another example of crashing.Fast tracking - This is a project schedule compression technique used to decrease the project duration by performing project phases or some schedule activities within a phase in parallel that would normally be performed in sequence. For example, testing of a product can start when some of its components are finished, rather than waiting for the whole product to be completed.
Why is it important to determine the critical path of a project?
The critical path helps you in determining how to accelerate your project by compressing tasks. Putting more people on critical path tasks and finishing it earlier will shorten the duration of the project (this is called crashing).
What happens when you shorten the duration of impact?
You increase the force of the impact
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Colds
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c
Is it possible to shorten the critical path and save money?
Yes! One reason that this is possible is due to the inverse relationship of direct cost and indirect costs. That is, an increase in project duration usually means a lowering of direct costs and an increase in indirect costs. An analysis can determine the optimum (lowest) total cost as the project duration time is reduced. Individual activities are shortened in order to achieve the lower total duration (which sometimes results in the creation of additional critical paths). However, the total cost vs. project duration can be considered parabolic - this is, because the direct costs are curvilinear while indirect costs are fairly linear. In other words, you can only shorten activities and reduce a certain extent before the time/cost reduction effect reverses itself.
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Antihistamines like diphenhydramine (Benadryl) may shorten the duration of the illness, but the illness will go away on its own.
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No. Truncate means to shorten something by cutting off an end. You might use it in reference to shortening the time allowed for a meal, or possibly to reducing the size of a portion of food by cutting part of it off.
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You contact the regional office of the state Attorney General. As an alternative, and to shorten the time duration, a mediated agreement can be done and registered with the court.
Can zinc treat the common cold?
Evidence shows that it is unlikely to prevent upper respiratory infections, but beginning a supplement promptly when symptoms occur can significantly shorten the duration of the illness.
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you shorten it by etc.
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Vitamins can't shorten your height.
