Tag «Fast tracking project»

Project Schedule vs Project Cost Monitoring

Project Schedule vs Project Cost Monitoring

Monitoring Project Schedule As the Project progress, activities are started and completed as per the Schedule Baseline.  Any delays may have Cost implications or incur Penalties (Liquidated Damages) in accordance with the Contract.  Specifically: EVA KPIs indicate the Status of Project Schedule-wise. Relevant KPIs are SV tu, SPI tu, SV mu & SPI mu, SV% …

Project Crashing, Fast Tracking, Scope Trimming Definitions & Examples

Project Crashing, Fast Tracking, Scope Trimming Definitions & Examples

Schedule compression techniques are used to bring project back on Planned Schedule (Schedule Baseline) by Fast Tracking or Crashing the Schedule for the Remaining Work Crashing If schedule compression is required, then critical path activities are adjusted by adding or removing some activities from it without changing the actual project scope. Trades Time for Money; …