What Should be the Time Schedule for a Project?

Abstract

Finalization of time schedule for a project is a crucial decision. It is not entirely a technical matter. Compressing the duration has cost and other implications. Managers can determine what the time schedule should be to achieve significant savings. Gupta feels that it is possible to crash time schedules by up to 15 per cent of the initial time schedule with only marginal increases in project costs.

Gupta presents a methodology for analysing the costs in arriving at the optimum time schedule for a project. He illustrates the method with a project involving capital expenditure of Rs 100 million.