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A project management schedule compression includes fast tracking and crashing techniques. They are used to speed the process up, when the project is falling behind schedule. However, it is important to remember that, these two techniques differ from each other and used according to the given activities.
A lot of companies, nowadays, want to reduce the investment payback time, turn a profit as early as possible and to reduce the period of risk exposure. A desire of project completion in a shorter duration has led to different methods of schedule compression techniques. Among them is crashing and fast tracking (Ruwanpura J, Mohamed Y. & Lee S., 2010).
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Fast tracking involves analyzing the critical path to see which activities could be done in parallel that were earlier scheduled to start sequentially. This approach often results in rework and usually increases project risk, because of the greater coordination required to monitor and control multiple, concurrent activities (Knapp W.B., PMP, 2006). “For example, fast tracking is often performed in object-oriented programming. The programmers might begin writing code on several modules at once, out of sequential order and prior to the completion of the design phase.” (Heldman K., 2009, p. 176). It is similar to crashing, because it usually needs more resources to make it happen.
Crashing is a special technique for schedule reduction. It involves adding more resources from either inside or outside the organization (equipment or people) in order to accomplish the work faster (Knapp W.B., PMP, 2006). For example, when you had a party and your parents will soon arrive. You ask your friends to help you clean the house. In such case friends are add resources, which speed up the schedule. The main task that companies want to achieve is to find a number of alternatives which help to get the maximum schedule compression for the less cost on a particular task. However, costs often go up. Also, crashing usually requires overtime pay, extra charges for expedited deliveries, more expensive machinery and so on (Kloppenborg J.T., 2011).
Well, the main difference between crashing and fast tracking is that crashing often costs more money to reduce project schedule, while fast crashing always increases the risk of schedule compression. However, both of them are used to help in management developing and building project schedule plan.
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