Schedule Compression: What's the Difference between Fast Tracking and Crashing?

The video explains the concepts of crashing and fast tracking in project management, both of which are methods to expedite a project or compress a schedule. Crashing involves using additional resources to speed up project completion, while fast tracking involves performing tasks in parallel that are usually done sequentially. Both methods have associated risks and costs, such as increased expenses and potential resource burnout for crashing, and dependency risks for fast tracking. The video concludes that a combination of both methods is often used to achieve project goals efficiently.

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