Compressing or crashing projects

Reference no: EM13736409

1. As a project manager, discuss the cost and time methods you would chose to work with and why you believe these are the best. What methods would you not want to work with, and why? Choose one of your least favorite methods, and discuss how you would manage a project if you were forced to use this method.

2. Costs such as salaries and equipment rental are a more cut and dry expense to estimate than the cost of effort. Describe how to estimate effort. Discuss why it is so important to estimate projects correctly, and why overestimating projects can be just as detrimental as underestimating them.

3. Discuss the reasons why assigning the right resources are so critical to a project. Discuss resource risks that can impede a project's completion or stall it completely.

4. Explain the risks associated with leveling resources, compressing or crashing projects, and imposed durations, or "catch-up", as the project is being implemented.

Your essay should be at least 500 words in length and include an introduction, a body, and a conclusion. You are required to use at least your textbook as source material for your response. You must also use one outside source. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

Reference no: EM13736409

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