Crashing
Shortening an activity or project.
Crash point
The most a project activity time can realistically be compressed with the resources available to the organization.
Crash time
The shortest time an activity can be completed.
Direct costs
Costs that are clearly charged to a specific work package - usually labor, materials, or equipment.
Fast-tracking
Accelerating project completion typically by rearranging the network schedule and using start-to-start lags.
Indirect costs
Costs that cannot be traced to a particular project or work package.
Outsourcing
Contracting for the use of external sources (skills) to assist in implanting a project.
Project cost-duration graph
A graph that plots project cost against time; it includes direct, indirect, and total cost for a project over a relevant range of time.
direct costs
Reducing the time of a critical activity usually incurs additional ______________.
Project Indirect Costs
-Costs that cannot be associated with any particular work package or project activity.
-Costs that vary (increase) with time.
Project Direct Costs
-Normal costs that can be assigned directly to a specific work package or project activity.
-Crashing activities increases direct costs.