Activity Crashing – Part 2
Activity Crashing – Part 2
When we determine the duration of the project using the critical path method, we determine the duration estimate of the project. In some cases, we may find out that the duration is too long for the sponsor or our client and we have to reduce the duration using a duration reduction method like activity crashing.
In the first part, I explained some basic principles about crashing and how to calculate the crash cost per period.
In this second part, I will actually crash the project in successive steps until the shortest possible duration is obtained.
In Part 3, I will present the crash cost as a function of the project duration and discuss some possible applications of crashing.
More about our online courses:
Project Management Basics
Learn the basics about projects and project management in this 14.5-hour course and get yourself a head start over your colleagues and peers
https://www.tabletwise.com/class/6506401121697792/project-management-basics
PMP Preparation
Prepare for your PMP Certification with this preparation course. You will also get access to our set of exam questions once you subscribe.
https://www.tabletwise.com/class/6009812586332160/pmp-preparation-course
Subscribe to this channel for more Project Management, Financial and Business content and leave a comment below if you have any questions.
Website:
Follow me on FB for more Project Management tips and tricks:
https://www.facebook.com/deceusteracademy/
#PMP #ProjectManagement #DeCeusterAcademy