MAN3712 Monitoring and Controlling a Project: Crashing Analysis Report
VerifiedAdded on 2023/03/17
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AI Summary
This assignment focuses on project crashing, a technique used to reduce project duration by increasing resource usage or adding additional resources, which consequently increases project costs. The student analyzes a building project, identifying the critical path and crashing activities to meet a client's deadline of January 2020, while staying within an allocated budget. The analysis includes a detailed table outlining the project's tasks, durations, resources, and costs before and after crashing, along with figures illustrating duration and cost slopes. The report highlights that crashing the project successfully reduces its overall duration, but results in increased costs and resource usage, particularly for tasks on the critical path. The assignment demonstrates the application of project management principles to optimize project timelines and manage resource allocation effectively. The project crashing data shows that the duration is reduced such that the project can be completed within end of January 2020, with an increase in cost by almost $50,000 and the usage of resources have also been increases on some of the tasks that lie on the critical path of the project.
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