GENERAL KNOWLEDGE

GK

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Crashing is
A
abandoning the project
B
completing the project with all the possible haste
C
reduction of duration for a few of the activities
D
reduction the cost of the project with all needful modifications
Explanation: 

Detailed explanation-1: -Crashing is the method for shortening the project duration by reducing the time of one or more critical activities to less than their normal time. In crashing if cost increases then time decreases.

Detailed explanation-2: -What is crashing in project management? In its simplest terms, crashing is a method in project management that helps you speed up the timeline of a project through the addition of resources. Project managers and stakeholders often use this method to either preserve a project’s estimated deadline or expedite it.

Detailed explanation-3: -Crashing is the method of shortening a project’s completion time by adjusting its scope or adding resources. When a project’s production duration needs to be shortened, the first resort is usually fast-tracking: adjusting project activities so that they’re done in parallel and less time is consumed.

Detailed explanation-4: -Crashing is done by increasing the resources to the project, which helps make tasks take less time than what they were planned for. Of course, this also adds to the cost of the overall project. Therefore, the primary objective of project crashing is to shorten the project while also keeping costs at a minimum.

Detailed explanation-5: -Crashing is a method in which cost and schedule trade-offs are examined to figure out the best way to obtain the greatest amount of compression for the least incremental cost. Crashing is used if fast-tracking did not save a sufficient amount of time.

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