SCHEDULE COMPRESSION In real practice – how would you compress your Schedule?
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Transcript of SCHEDULE COMPRESSION In real practice – how would you compress your Schedule?
![Page 1: SCHEDULE COMPRESSION In real practice – how would you compress your Schedule?](https://reader035.fdocuments.in/reader035/viewer/2022072006/56649d005503460f949d30f8/html5/thumbnails/1.jpg)
SCHEDULE COMPRESSION
In real practice – how would you compress your Schedule?
![Page 2: SCHEDULE COMPRESSION In real practice – how would you compress your Schedule?](https://reader035.fdocuments.in/reader035/viewer/2022072006/56649d005503460f949d30f8/html5/thumbnails/2.jpg)
SCHEDULE COMPRESSION
How to compress your Schedule?
1. Identify significant critical and near critical Activities remaining to be completed
2. Meet with Superintendent, Foremen, Subs to discuss Schedule compression options
![Page 3: SCHEDULE COMPRESSION In real practice – how would you compress your Schedule?](https://reader035.fdocuments.in/reader035/viewer/2022072006/56649d005503460f949d30f8/html5/thumbnails/3.jpg)
SCHEDULE COMPRESSION
How to compress your Schedule?3. Target critical Activities for
acceleration that will shorten Schedule
4. Authorize OT or extra shifts and additional $$$ expenditures
5. Intensively manage the targeted Activities
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SCHEDULE COMPRESSION
How to compress your Schedule? Collaborative Effort Almost always less efficient and
more expensive
Activity Time-Cost Curve
Project Time-Cost Curve
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Activity Time-Cost Curve
![Page 6: SCHEDULE COMPRESSION In real practice – how would you compress your Schedule?](https://reader035.fdocuments.in/reader035/viewer/2022072006/56649d005503460f949d30f8/html5/thumbnails/6.jpg)
SCHEDULE COMPRESSION
Project Time-Cost Curve Crashing the Schedule Step-by-Step Process – One
Activity at a Time Shorten Total Project Duration until
you achieve the new allotted time
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship Looks the same as Activity Cost
Curve What does this Graph Represent?
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship What does this Graph Represent? There is an optimum Total Project
Cost – that is a summation of:
1. Direct Costs
2. Indirect Costs
3. Market Profit Losses (Owner)
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship What are Market Profit Losses?
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship What are Market Profit Losses? Income (Revenues) that the Owner
does not earn since the facility is not available for their use.
Hospital can be > $1 million/day Walmart store > $100,000/day Reflected in contract as LDs
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship What do the Indirect Costs
represent?
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship What do Indirect Costs represent?
1. Field Office Overhead (FOOH)
2. Home Office Overhead (HOOH)
3. Liquidated Damages (LD’s) If you can shorten the Job – these
costs reduce linearly
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship What would be the opposite of an
Indirect Cost?
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship What would be the opposite of an
Indirect Cost? An incentive bonus for finishing
early.
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship What are the Direct Costs and why
are those costs parabolic rather than linear?
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship What are the Direct Costs? The Actual costs of getting the Job
done – labor, equipment, materials, and supplies
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship Why are the Direct Costs parabolic
rather than linear? The Project Direct Costs are the
summation of all the individual Activity Costs (which are parabolic shaped curves)
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship When you sum the Direct + Indirect
+ LDs/MPLs (- Bonuses) = Total Project Cost
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SCHEDULE COMPRESSION
Project Costs/Duration Relationship What is the Total Project Cost
curve stating when you analyze it?
![Page 20: SCHEDULE COMPRESSION In real practice – how would you compress your Schedule?](https://reader035.fdocuments.in/reader035/viewer/2022072006/56649d005503460f949d30f8/html5/thumbnails/20.jpg)
SCHEDULE COMPRESSION
Project Costs/Duration Relationship What is the Total Project Cost
curve stating when you analyze it? There is an optimum point-in-time
when you can complete the project at a minimum cost