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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Schedule Compression Technique
What is Schedule Compression Technique   

What is Schedule Compression Technique



 
 

Schedule Compression Technique is a specific way to resolve a schedule overrun or to complete a project faster. Schedule compression is an attempt to shorten the project schedule (or to match the schedule constraints) without changing the project scope, so the project managers utilize it as a corrective action to bring schedule back on track (to prevent foreseen schedule overrun). There are two widely used schedule compression techniques:

  • 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, so this technique results into Time/Costs trade-offs;
  • 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 (by starting to execute next tasks or phases before finishing the earlier ones). It is associated with high risks of rework causing extra costs and time;

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