- Problem Definition.
In a previous project I have worked on, company had assigned me as a project engineer for an EPC project of a certain compressor to be used in a flare gas recovery system. Although, the project wasn’t considered a high value it was though considered a high profile project because it was the first of its type for my client.
For this weeks blog I will analyze the schedule compression methods used to help minimize the effects of the schedule overrun.
- Identify the Feasible Alternative.
The Following techniques are widely used for schedule compression:
2) Fast tracking
- Development of the Outcome for Alternative
Both techniques provide the same outcome which is to help the project manager to shorten the duration of the project. It is a matter of in what scenario you would use each technique.
- Selection of the Acceptable Criteria.
The acceptable criteria are any possible compression in the schedule that would result in shortening the duration of the project.
- Analysis and Comparison of the Alternative.
Crashing: this technique implies involvement of additional resources, hence it affects project’s costs. It is based upon an assumption that the project can be accomplished faster when more of workforce and equipment will be engaged into completing its critical tasks
Fast Tracking: This method stands for rearrangement of tasks in the project plan so some of these tasks, which were initially planned to be in sequence, should be executed in parallel. This can be achieved by overlapping of certain project phases and activities.
We have to keep in mind that crashing a schedule increases the cost of the project whereas fast tracking increases the risk.
In my case a combination of both were implemented where we had additional resources flown in to the vendors offices to speed up certain activities and to start other activities so that they can be done simultaneously.
- Selection of the Preferred Alternative.
After looking at the analysis above, a combination of the two techniques depending on the scenario you are working on would give you an optimized schedule compression.
- Performance Monitoring and the Post Evaluation of Result.
Due to the nature of the changeability in the schedule and how the critical path could change with the slip of a certain activity, it is recommended that an analysis is carried out at certain intervals throughout the duration of the project.
- Usmani, F. (n.d.). Fast Tracking & Crashing – Schedule Compression Techniques in Time Management.PM Study Circle A PMP CAPM Certification Exam Preparation Blog. Retrieved June 28, 2014, from http://pmstudycircle.com/2012/09/fast-tracking-crashing-schedule-compression-techniques-in-time-management/
- Srinivasan, B. (2008, April 2). Schedule Compression Techniques.Leadership Project Management Champions. Retrieved June 28, 2014, from http://leadershipchamps.wordpress.com/2008/04/02/schedule-compression-techniques/
- Giammalvo, P. (Instructor) (2014, May 26). Schedule Compression .Oman PMI Certification Prep Course – Day 2 . Lecture conducted from , Muscat .
- Rowley, J. (2013, April 22). 5th Edition PMBOK® Guide-Chapter 6: Schedule Compression Techniques.4squareviews. Retrieved June 28, 2014, from http://4squareviews.com/2013/04/22/5th-edition-pmbok-guide-chapter-6-schedule-compression-techniques/