In: Operations Management
Explain the risks associated with leveling resources, compressing or crashing projects, and imposed durations or “catch-up” as the project is being implemented.
Risk associated with the Resources Levelling is when the resources requirement exceeds the supply, then to reduce the peak requirement within the float range of activities without increasing the Project duration. whenever there is a excess resources, it should be shift elsewhere in such a way to maximize its utilization. Delaying non critical activities has the potential to delay overall project and may affect critical path Activities.
Risk Associated with Compressing , in which there are chances of missing the two or more Activities by adding more resources to minimise the project. Crashing Project; is to create the strategy of time crashing, with optimum resources and with least possible crashing cost. there is a risk of adding resources to the critical to finish the Project earlier but this way the Quality may Affect and involves more cost.
Risk associated with Imposed Duration is if the Actual budget may exceed the Expected Budget because Bottom level of Management does not appreciate the Data come from top.
Catch up risk is when the Resources ( Employees) are overutilized or Exhausted for over using them , if the project is running Behind.