- What are the advantages of fast tracking a project?
- What is Crash schedule?
- Which type of project cost estimate is the most accurate?
- What is the primary risk associated with fast tracking?
- What does fast tracking require?
- What is Fast Track delivery method?
- How do you shorten a critical path?
- Which techniques may reduce overall schedule duration?
- What is the design bid build method?
- What is critical path in PM?
- Is the critical path the longest path?
- What is the duration of a milestone?
- Which is a similarity between the crashing and fast tracking?
- What are the three project delivery methods?
- What are the disadvantages of fast tracking a project?
- What is Fast Track project?
- Can a project have two critical paths?
- How do you identify a critical path?
What are the advantages of fast tracking a project?
Fast tracking allows you to compress a project timeline and shorten the overall schedule length.
When you fast track project schedules, a planned activity partially or completely overlaps with another.
So, activities that were initially scheduled to be done one after another are rearranged to occur at the same time..
What is Crash schedule?
Crashing the schedule means to throw additional resources to the critical path without necessarily getting the highest level of efficiency. Crashing is another schedule compression technique where you add extra resources to the project to compress the schedule.
Which type of project cost estimate is the most accurate?
budgetary estimateA budgetary estimate is the most accurate of the three types of estimates. FALSEANS: FA definitive estimate provides an accurate estimate of project costs. It provides details for purchases and estimates actual costs.
What is the primary risk associated with fast tracking?
The risk involved with fast tracking is that problems can occur if parallel aspects of the project include dependencies. In our example your risk is that you need to rework the prototype if the design is change half way through the process.
What does fast tracking require?
Fast tracking is an advanced project management technique. To be able to apply fast tracking, you need to identify all possible opportunities on the critical path that has the potential to be performed in parallel. This means identifying specific critical path tasks to be performed simultaneously.
What is Fast Track delivery method?
Fast-track building construction is construction industry jargon for a project delivery strategy to start construction before the design is complete. The purpose is to shorten the time to completion.
How do you shorten a critical path?
How do I shorten the critical path?Shorten the duration or work on a task on the critical path.Change a task constraint to allow for more scheduling flexibility.Break a critical task into smaller tasks that can be worked on at the same time by different resources.More items…
Which techniques may reduce overall schedule duration?
Schedule compression refers to a series of techniques used to shorten the duration of a project without compromising the result. Common schedule compression techniques include crashing, fast-tracking and resource reallocation.
What is the design bid build method?
In the Design-Bid-Build delivery, the owner contracts separately with the design firm that produces the construction documents, and the builder that physically builds the building. This is the traditional method, and is based on the sequential process of design, construction documents, bidding, then construction.
What is critical path in PM?
In project management, a critical path is the sequence of project network activities which add up to the longest overall duration, regardless if that longest duration has float or not. This determines the shortest time possible to complete the project.
Is the critical path the longest path?
Fact: The critical path is the longest path through the network diagram, meaning the sequence of activities that collectivity define the starting and ending dates for the project and have no slack or float time (excess time).
What is the duration of a milestone?
Milestones typically have zero duration; however, some milestones may need a duration. For example, your project has an approval milestone at the end of a phase, and you know that the approval process will take a week.
Which is a similarity between the crashing and fast tracking?
A similarity between the crashing technique and the fast tracking technique is that: both can shorten the time needed to finish a project.
What are the three project delivery methods?
delivery methods:Construction Management at Risk (CMR)Design-Bid-Build (DBB)Design-Build (DB)Multi-Prime (MP)Owner Control.Owner Relationships.Project Budget.Project Schedule.More items…
What are the disadvantages of fast tracking a project?
What are the disadvantages of fast tracking?Lack of knowledge of the critical path. Never attempt to apply the fast tracking technique if you are not well informed about the critical path or how to find it. … Monitor the critical path closely.
What is Fast Track project?
Fast-tracking is a technique where activities that would have been performed sequentially using the original schedule are performed in parallel. In other words, fast tracking a project means the activities are worked on simultaneously instead of waiting for each piece to be completed separately.
Can a project have two critical paths?
You can have more than one critical path in a project, so that several paths run concurrently. This can be the result of multiple dependencies between tasks, or separate sequences that run for the same duration. … In fact, the activities on the critical path are not always the most important parts of the project.
How do you identify a critical path?
Your critical path is the longest path from the first column through the lines showing prerequisites to the last column. It determines the project completion date because you must complete all tasks on the path within the estimated time or delay the project.