PMI Scheduling Professional (PMI-SP) — Question 31

You are the project manager of the AHQ project. This project is scheduled to last for six months and will require $345,000 to complete. If the project completes earlier than scheduled, your organization will receive a bonus of $5,000 per day of early completion. Management has asked you to develop an aggressive schedule to realize as much of the bonus as possible, but management does not want you to increase the costs of the project beyond $1,000 per day of the bonus realization. Which of the following approaches will likely add costs to the project?

Answer options

Correct answer: C

Explanation

Crashing is a technique that involves adding more resources to complete project tasks faster, which often leads to increased costs. While adding leads and fast tracking can help improve the schedule without necessarily raising costs, crashing typically requires additional expenditure. The critical chain method focuses on managing project buffers and may not inherently increase costs.