which of the following is not a rational reason to reduce project duration? course hero

What is an example of reducing project duration?

Jan 13, 2021 · Incentive contracts B. High network sensitivity C. Imposed deadlines D. High overhead costs E. Unforeseen delays Network sensitivity is not a reason to reduce project duration. Reducing project duration does impact network sensitivity; however, it …

When is the most efficient time to create a project cost-duration graph?

53) Which of the following is NOT a rational reason to reduce project duration? A) Incentive contracts B) High network sensitivity C) Imposed deadlines D) High overhead costs E) Unforeseen delays B. High network sensitivity

What is Jan trying to reallocate resources in a time-constrained project?

Sep 02, 2016 · Question 23 0 out of 4 points Which of the following is NOT a rational reason to reduce project duration? Selected Answer: a. Incentive contracts Correct Answer: b. …

What is the most common method for shortening project time?

25. Which of the following is NOT a rational reason to reduce project duration? a) Incentive contracts b) High network sensitivity c) Imposed deadlines d) High overhead costs e) Unforeseen delays 26. Sometimes very high _____ costs are recognized before a project begins and reducing these costs through shorter project durations becomes a high priority.

What are the reasons for reducing project duration?

Reducing project time directly reduces indirect costs. –Normal costs that can be assigned directly to a specific work package or project activity. –Crashing activities increases direct costs. Compute total costs for specific durations and compare to benefits of reducing project time.

What is reducing project duration?

Shortening a Project Schedule If the project duration expands beyond the desired finish date, you can shorten it in several ways: Shortening lag time between tasks. If tasks on the critical path include lag time between them, reducing that lag time is an easy way to shorten the project duration.Mar 15, 2011

Which of the following is the most common method for shortening project duration?

The most common method for shortening project time is to assign additional staff and equipment to activities.

Are there any risks associated with reducing the project duration?

Reducing the project duration increases the risk of being late because reducing the slack of noncritical activities increasing the likelihood of creating new critical paths . More critical paths increases the risk of the project being late .

Which of the following is a reason for reducing project duration due to intense global competition and rapid technological advances?

Which of the following is a reason for reducing project duration due to intense global competition and rapid technological advances? Reason: Intense global competition and rapid technological advances have made getting products to market fast a competitive advantage.

How can reduce the project duration and project costs be reduced?

Reduce project duration Project length is one of the main reasons why companies fail to meet their original budgets. To shorten the critical path, you might consider performing multiple tasks simultaneously, turning full dependencies into partial dependencies that can run parallel.May 19, 2021

Which of the following is not one of the basic rules to follow when developing project Networks Group of answer choices?

Which of the following is NOT one of the basic rules to follow when developing project networks? Conditional statements are allowed but looping statements are not allowed.

Which of the following types of activities is more closely associated with projects rather than processes *?

"An activity that establishes its own work rules" types of activity is more closely associated with projects rather than processes because in projects, the project team established and maintain its own work rule for accomplishing the project on time with the required outcomes.

Which of the following is true about critical path?

Statement I & IV: True The critical path is the sequence of critical activities that represents the longest path through a project, which determines the shortest possible project duration, if any one activity on critical path delays, it will impact the project completion date.

How can project risk be reduced?

Here are ten (10) rules to help you manage project risk effectively.Identify the risks early on in your project. ... Communicate about risks. ... Consider opportunities as well as threats when assessing risks. ... Prioritize the risks. ... Fully understand the reason and impact of the risks. ... Develop responses to the risks.More items...•Mar 3, 2016

How can project risk be avoided?

There are 4 essential steps to reducing risk: documenting, prioritising, avoiding and mitigating.Documenting. Document each risk in detail, including their potential impacts and possible responses to mitigate the risk. ... Prioritising. ... Avoiding. ... Mitigating.Feb 22, 2022

Why reducing project duration increases the risk of being late?

Reducing the project duration increases the risk of being late because reducing the slack of noncritical activities increasing the likelihood of creating new critical paths. More critical paths increases the risk of the project being late. It is possible to shorten the critical path and save money.