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lowest cost to complete it

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Q: What is optimal duration in a project?
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What is time in a project?

Traditionally project time is the duration between the project start and the project end, sometimes known as the overall project duration. Within the project duration there are a series of activities that may or may not have logical dependencies. Scheduling allows an estimate of time for each of the individual activities. By taking into consideration the project context, the project requirements, available resources and budgets, a critical path (single or multiple) of activities through the project can be determined. This critical path represents the sequence of activities through a project network from the project start time to the project end time, the sum of whose durations determines the overall project time. If this critical path exceeds the time allowed to complete the project, then the project needs to be re-planned, such as adding additional resources, subcontracting out work, conducting up front de-risk work or taking advantage of opportunities that may arise after the start of the project.


What do mean by 'crashing a project' in project management?

crashing - A project schedule compression technique used to decrease the project duration with minimal additional cost. A number of alternatives are analyzed, including the assignment of additional resources


Critical path of a project?

The critical path is the longest path (sequence of activities) in a project schedule network diagram. Because it is the longest path, it determines the duration of the project and hence the finish date of the project given the start date


What are the reasons project scheduling is not done well?

There are several reasons that lead to bad Project Scheduling, such as: - Long Project Duration - Tasks that don't produce deliverables - Plan is complicated that the team doesn't understand it


What is importance of project work?

Project management is a term used in the management of projects. It involves the way and manner in which projects are being handled and executed for an optimal result. Before any project can be successfully achieved, there must be a research no how much of human power will be needed, expenditures, resources e.t.c that will be put into the project. It also involves the experience of an expert in such filed of management.

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