June 2020
Intermediate to advanced
156 pages
3h 4m
English
Content preview from Quantitative Tools of Project Management
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Key point:
- Application of logic to consider alternative ways to accomplish a task at different costs
Another possibility is that extra resources can be acquired to complete critical activities quicker. This creates a problem for management, trading off quicker completion time with higher cost. If the savings from faster completion time are known, then the problem is simply one of minimizing cost. Often, however, it is a matter of risk in that you know some activities are subject to delay, and earlier planned finishing times are far safer than those plans that push things to some deadline.
To demonstrate crashing, consider a problem of importing some critical piece of equipment from Australia, which you have contracted ...
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