Definition:
Techniques to shorten the project duration without changing the project scope, often used in recovery schedules.
Key Components:
- Crashing: Adding resources to critical tasks to reduce duration.
- Fast-Tracking: Performing tasks in parallel that were originally scheduled sequentially.
Use Cases/Industries:
- Construction: Accelerating a building project to meet deadlines.
- Energy Sector: Reducing commissioning time for a power plant.
- Manufacturing: Expediting production to meet demand surges.
Advantages:
- Helps recover lost time.
- Provides flexibility for high-priority projects.
- Supports contract compliance for fixed deadlines.
Challenges:
- Crashing increases costs due to additional resources.
- Fast-tracking increases risk due to overlapping work.
Related Terms:
Fast-Tracking, Crashing, Critical Path
Example:
A project team used schedule compression by fast-tracking electrical and mechanical work in parallel to meet a revised completion date.
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Synonyms:
Time Reduction Strategy, Expedited Scheduling, Project Acceleration