Question

Considering quantitative risk assessment, what is one of the most significant disadvantages to project crashing?

reference to source question https://www.chegg.com/homework-help/questions-and-answers/question-4-production-manager-electronic-toys-company-et-co-begin-project-design-productio-q29681067

This is not an incomplete question it is asking in genereal what is the disadvantages of project crashing. where disadvantages are that it is expensive and can cause failure to activities and effect the whole project. the part i do not understand is answering the question with reference to quantitative risk assessment.

Answer 1

Quantitative risk analysis numerically evaluates the effect of potential project risks on project targets. It is focused on creating realistic time and cost targets, and calculating the probability of achieving project objectives. For example, it will quantify the impact of failing to obtain a roadwork permit before the start of the project as causing a week delay and costing $50,000.

Quantitative risk analysis is objective and requires a list of prioritized potential project risks, usually created during the qualitative risk analysis.

Quantitative risk assessment evaluates probability of achieving project targets, providing risk ratings (based on risk to not achieving cost and time targets). Also risk ratings are calculated considering resources and deadlines. Crashing of an activity may require additional resources, which may increase risk on other activities leading to change in risk ratings. So this requires skil, effort and time to determine activities to be crashed and to the optimum level. Thus, considering quantitative risk assessment in project crashing may complicate the process and have it's own probability of failure.