Definition and Purpose
Fast tracking is a schedule compression technique used in project management to shorten the project duration without altering the project scope. It is commonly employed when a project is behind schedule and needs to catch up or when there is a need to complete the project sooner than initially planned.
Key Facts
- Definition: Fast tracking involves performing activities in parallel that would have been done sequentially in the original schedule.
- Purpose: Fast tracking is used to shorten the project duration without changing the project scope. It is typically employed when a project is behind schedule and needs to catch up or when there is a need to finish the project sooner than originally planned.
- Technique: Fast tracking rearranges the activities in the original schedule to allow for overlapping and concurrent execution. This can help save time and potentially accelerate the project timeline.
- Cost and Risk: Fast tracking usually does not involve additional costs, but it does increase the risk. Performing activities in parallel may lead to rework or rearrangement of the project, which can waste time and resources.
- Considerations: Project managers need to weigh the pros and cons of fast tracking to determine if it is worthwhile. It is important to assess the potential risks and benefits before deciding to fast track a project.
Technique and Implementation
Fast tracking involves rearranging the activities in the original project schedule to allow for overlapping and concurrent execution. This technique aims to save time by performing certain tasks in parallel that would have been done sequentially in the original schedule. Fast tracking can be applied if the activities in question can be overlapped without compromising the project’s quality or deliverables.
Cost and Risk Implications
Fast tracking typically does not involve additional costs since it primarily involves rearranging the project schedule. However, it does increase the risk associated with the project. Performing activities in parallel may lead to rework or rearrangement of the project, which can waste time and resources. Additionally, the increased complexity of managing multiple tasks simultaneously can make it more challenging to control the project and ensure its successful completion.
Considerations for Project Managers
Project managers need to carefully consider the pros and cons of fast tracking before deciding to implement it. It is crucial to assess the potential risks and benefits thoroughly. Factors to consider include the project’s critical path, the availability of resources, the potential impact on project quality, and the overall impact on the project budget and timeline.
Conclusion
Fast tracking is a valuable technique in project management that can help accelerate project timelines without changing the project scope. However, it is essential for project managers to understand the potential risks and benefits associated with fast tracking and to carefully evaluate its suitability for their specific project. By considering all relevant factors and making informed decisions, project managers can effectively utilize fast tracking to achieve project success.
References
- Wrike. (2023). What Is Fast-Tracking in Project Management? Retrieved from https://www.wrike.com/project-management-guide/faq/what-is-fast-tracking-in-project-management/
- Simplilearn. (2023). Fast Tracking vs Crashing: Key Differences. Retrieved from https://www.simplilearn.com/fast-tracking-vs-crashing-article
- Asana. (2023). Fast tracking vs crashing: A schedule compression guide. Retrieved from https://asana.com/resources/fast-tracking-vs-crashing
FAQs
What is fast tracking in project management?
Fast tracking is a schedule compression technique used to shorten the project duration without changing the project scope. It involves performing activities in parallel that would have been done sequentially in the original schedule.
When is fast tracking used in project management?
Fast tracking is typically employed when a project is behind schedule and needs to catch up or when there is a need to complete the project sooner than initially planned.
How does fast tracking work?
Fast tracking involves rearranging the activities in the original project schedule to allow for overlapping and concurrent execution. This technique aims to save time by performing certain tasks in parallel that would have been done sequentially in the original schedule.
What are the benefits of fast tracking in project management?
The benefits of fast tracking include potentially reducing the overall project duration, making better use of resources, enhancing client satisfaction, gaining a competitive advantage, and mitigating potential delays.
What are the risks associated with fast tracking in project management?
The risks associated with fast tracking include increased risk of team burnout, higher costs due to the need for additional resources, and potential lower quality of work due to the increased complexity of managing multiple tasks simultaneously.
How can project managers decide whether to use fast tracking?
Project managers should consider factors such as the project’s critical path, the availability of resources, the potential impact on project quality, and the overall impact on the project budget and timeline when deciding whether to use fast tracking.
What are some alternatives to fast tracking in project management?
Alternatives to fast tracking include crashing (adding more resources to a project to accelerate its completion), optimizing the project schedule for efficiency, and improving communication and coordination among team members.
How can project managers successfully implement fast tracking?
To successfully implement fast tracking, project managers should clearly communicate the revised schedule to all stakeholders, monitor progress closely, and be prepared to make adjustments as needed. Additionally, they should consider the potential impact on team morale and take steps to mitigate the risk of burnout.