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Keep in mind a typical construction project.
I guess in construction it will depend on the phase, but it would be safe to say that crashing technique would work, which is basically increasing the amount of resources to finish on time, but there are parts that increased resources would not help, where you could perform other activities / preperations meanwhile (which is the fast tracking technique). Both will increase the cost, unless if you have different resources for the different activities.
Though I'm not in construction projects, but from pure project management perspective, there are2 options - either fast-tracking and/or crashing. In fast tracking, you start the activities parallely which were planned as sequentially. Here the risk is increased. And in crashing, you add more resource to complete the activities faster, which gets added to your cost.
Again, these are just from the books of Project Management, not specifically of construction business.
Thanks!
Time, Cost and Quality are three basics of the project and are interdependent. If you would like to decrease the time it will effect your cost and quality. i.e. you need to put more cost and your quality may also go down. So always remember three basics of a project and try to understand their interdependencies.
I agree with Tamer, Anirban and Jerry duration and resources are interlinked if you decrease the duration, the resources are increased and if you increase the duration, the resources and decreased. This true but unfortunately not always. We must keep thin mind that sometimes in the construction industry also, we have a case like, “a woman needs nine months to produce a baby but nine women cannot produce a baby in one month”
U consider
increase of productivity
resources
pump in more money
incentivising
subcontracting
split ting the quantum of work in groups or contractors working in parallel
Speeding up a delayed project...
1st we have to identify the root cause of the delay whether this delays are happended due to lack of resources / skilled force / non availabilty of front / permit from authorities or other government bodies.
After identified, we have to take the corrective action of the identified matter and make the precautionery measures as a preventive action.
We have to prepare the catchup plan along with the resourse requiremnt and budget required for that.
Because by simply increasing the resources will leads to increase in cost and will affect the company margin so analyse the budget requirement and try to distribute the cost with your client / subcontractor.
1. Increase required skilled work force
2. Daily progress monitoring and gang allocation
3. Offloading of work by distributing the works to subcontractor / agency
4. Motivation program to workforce and staff
5. By providing good bonus or appraisal to the staff who completes the company commitment
6. Arrangement of training programs / meeting to all stackholders to understand the imporrtance of completion in time.
Hope the answer for the question
Regards,
Asarudeen S.
There are2 option either use Fastracking or Crashing and both will affect your cashflow and quality.
By increasing the resources on the activities of the critcal path to the optimum level & start more no of activities parallelly. That would increase the cost but it saves time.
#1: Work overtime
#2: Reallocate resources
#3: Double-check all dependencies
#4: Check time-constrained activities
#5: Swap resources
#6: Crash the schedule
#7: Fast track it
#8: Prevent all scope change
#9: Improve processes
#10: Scale back the scope of work