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Pages:
1 page/≈275 words
Sources:
2 Sources
Style:
APA
Subject:
Management
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.18
Topic:

Project Management Crash or Fast track

Coursework Instructions:

1. You are managing a project with a duration of 24 months and a budget of $12 million dollars. Assume that you are running two months behind schedule, but you have enough money to complete it. Should you crash or fast track your schedule? Explain your reasoning.
Your response should be at least 175 words in length
2. When would scope creep or gold plating be acceptable for a project?
Your response should be at least 100 words in length

Coursework Sample Content Preview:

Project Management
Name
Institution
Date
Crash or Fast track
Crashing entails additional costs and resources to the project while fast tracking involves undertaking of activities in parallel. In this case, crashing implies additional cost but project activities are undertaken as early planned while fast tracking indicates an increased risk as it involves reorganizing of activities that may not be in line with the initial project plan (Baye & Prince, 2016). Therefore, given enough resources for the project and being behind schedule by two months, I will be forced to first analyze my project if there is any risk of undertaking activities in parallel. Some projects may have no problem running parallel activities if the activities are not dependent on each other. However, given the availability of resources and having enough money, I would go for crashing rather than fast tracking. This will entail additional time to the normal working hours and workers to complete the remaining tasks. Crashing ensures that all critical path activities are undertaken with only additio...
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