University Project Management: Early Completion Strategies Report

This report focuses on strategies for the early completion of a project, addressing the need to revise project schedules to meet deadlines efficiently. The author suggests two primary approaches: rescheduling the project to eliminate or minimize lag times associated with each activity, and reducing task dependencies. The first approach involves a detailed examination of the project schedule, identifying and removing excess lag times to expedite completion. The report emphasizes that this method can be achieved without additional costs or increased risks, provided the accuracy of the work remains high. The second approach centers on minimizing the dependencies between tasks, allowing for concurrent execution of activities and thereby reducing overall project duration. By implementing these strategies, the report aims to provide a framework for completing projects within the revised, accelerated schedule. The report includes references to relevant academic literature on project management and scheduling.

Running head: EARLY COMPLETION OF THE PROJECT
EARLY COMPLETION OF THE PROJECT
Name of the Student
Name of the University
Author note

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EARLY COMPLETION OF THE PROJECT
Plan to achieve the goal
The schedule that have been planned needs a complete makeover in order to complete the
same. As there is no extra budget so not extra resources can be brought into complete the project
earlier than the stated deadline. Dependencies of the activities are to be reduced in case the
project is to be completed before the scheduled time. Another major activity that can be
performed is by removing the lags that were initially considered while planning the project.
The very 1st step that is to be taken is that rescheduling of the project is to be performed.
As it is seen that while performing the planning of a schedule a separate lag time for each
activity is kept under consideration. Although the lag time of each activity is very low. However
if the lag time of all the activities are considered a significant time can be gained (Lamas &
Demeulemeester 2016). This is the excess time that is to be axed off. Axing off of the lag times
and making the schedule precise will be acting to be beneficial in completing the entire project
faster and complete the same within the dead. This will be acting as a major boost in reducing
the time scale of completion of the project in a shorter span. Again it can be said that there are
presence of critical path in the project. In case the lags that were kept for the activities are
removed, lags present in the critical path due to the presence of those activities will be eliminated
as well. In this case there will be no alteration in the cost that will be incurred (Kannimuthu et al,
2019). Neither the workers will be required to perform over tome nor will the risk of the process
increase. Each and every aspect of the project will be constant but the time. Only the time that
will be required for completion of the project will be getting reduced (Shen et al, 2015). The sole
issue that might arise in this approach is that the accuracy of the work needs to be on top at every
moment. There will be no scope of error in this event. In case any errors occur the entire plan is
ought to fail.

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EARLY COMPLETION OF THE PROJECT
Another approach that can be taken is reducing the dependency of the activities from
their previous tasks. As it has been seen that there are tasks scheduled in a manner that the
dependency of the tasks are often high. In this case one need to wait for starting an activity as
long as the previous activity does not end. Again in case of presence of critical path dependency
on number of activities increases. Hence it is recommended to reduce the dependency of tasks as
much as possible. This will be acting beneficial (Zhao, Cui & Tian 2019). After decreasing the
dependency, more than one tasks can be started concurrently. In this way the time that is required
for execution of the task decreases. On following the above two recommendations the project
will get completed within the new schedule.

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EARLY COMPLETION OF THE PROJECT
References
Kannimuthu, M., Raphael, B., Palaneeswaran, E., & Kuppuswamy, A. (2019). Optimizing time,
cost and quality in multi-mode resource-constrained project scheduling. Built
Environment Project and Asset Management, 9(1), 44-63.
Lamas, P., & Demeulemeester, E. (2016). A purely proactive scheduling procedure for the
resource-constrained project scheduling problem with stochastic activity
durations. Journal of Scheduling, 19(4), 409-428.
Shen, X., Minku, L. L., Bahsoon, R., & Yao, X. (2015). Dynamic software project scheduling
through a proactive-rescheduling method. IEEE Transactions on Software
Engineering, 42(7), 658-686.
Zhao, Y., Cui, N., & Tian, W. (2019). A two-stage approach for the critical chain project
rescheduling. Annals of Operations Research, 1-29.