Dear Edward:
Good day and thanks for your question.
Let break your questions into multiple part and then address them individually.
“After Estimate Activity Duration is completed would I continue to Develop Schedule or do I evaluate for crashing and/or Fast Tracking opportunities? Why or why not”.
After Estimate Activity Resources and Estimate Activity Durations processes are complete, you would have resource requirements and duration estimates for every project activity. Now you are all set to go and develop your project schedule.
The objective of schedule compression techniques is to compress the overall project schedule if it is slipping the required deadlines. You will not consider schedule compression techniques during the Estimate Activity Resources and Estimate Activity Durations process as you don’t have the project schedule at this stage. All you are focusing on are individual project activities and your best estimate for the resource and duration requirements for them. When you have the resource and duration estimates for your project activities, you should proceed to the Develop Project Schedule process.
During the Develop Project Schedule process you can utilize the schedule compression techniques if your project schedule is not meeting the required milestones deadlines. Let’s assume that you have just finished the resource and durations estimation processes and have just started to develop your project schedule with the information available. If this schedule doesn’t satisfy the project stakeholders, you might need to compress parts of your project schedule to meet your project stakeholders’ requirements. In that case you can apply fast tracking and/or crashing to produce a schedule that fulfills these requirements. The new schedule that you will get after applying these techniques will be more exposed to risks and would normally require more costs. That is the tradeoff of getting a compressed schedule.
“Since I did not get a direct answer to my above question, do I assume your answer would be “No”. Schedule compression is NOT done after estimate activity duration has been completed but only when variance analysis is conducted?”
Schedule compression is a tool and technique of the Develop Schedule process. So schedule compression can be utilized when you are done with Estimate Activity Durations process and in the Develop Schedule process.
What Kevin is trying to say that practically speaking, schedule compression is not a big concern when you are developing your project schedule for the first time. It is only applied if your first schedule doesn’t get approved by the management. If your first proposed schedule is rejected by the management because of the durations, you must apply schedule compression to adjust it to meet their needs and you also have to communicate the risks and costs involved in doing so. Normally, schedule compression is more utilized during the Control Schedule process when a variance is observed. At this stage the schedule baseline is already approved and it’s the project manager’s responsibility bring the project back on track.
Please let me know if this clarifies your questions.
Warm regards,
Khurram