Critical Thinking Assignment : Reducing Project Duration Essay
One of the things a project manager can do to reduce project duration is to decrease the project cost. This can be done by identifying direct cost to reduce project time by obtaining direct and indirect cost of particular project durations, compute durations and to benefits of reduction project time as well as identify critical activities for lowest direct-cost (Gray & Larson, 2014).
For exercise 9.3, you would identify the critical path means by the path, which is taking the most time. In this exercise, A-B-E-G equal (19 Days) and basic direct Cost for 19 days is $470.
Reducing from 19 days to 18 days
To Reduce the time further, we will use crash cost (Extra $ spend to reduce time).…