Schedule Compression

Correct Answer: Crashing

The best answer is 'Crashing'. In the context of project management, 'crashing' refers to the technique of schedule compression which entails the addition of extra resources to tasks to reduce their duration, thereby speeding up the project completion date. Since the question presents a scenario in which 'additional resources may be accommodated', crashing is the appropriate technique to adopt. Meanwhile, 'Fast Tracking' is not feasible as the question explicitly mentioned 'it's not possible to overlap tasks'. 'Resource Leveling' is not suitable because this process involves adjusting the project schedule to minimize the fluctuation of resource demand and does not necessarily speed up the project. As for 'Monte Carlo Analysis', it's a risk assessment technique that is unrelated to scheduling or speeding up a project, hence it isn't a suitable option in this scenario.

Correct Answer: Crashing

Crashing is the correct answer to this question. Crashing is a schedule compression technique that involves adding resources to critical path activities to reduce their duration, which can potentially increase project costs. Here's why this is the best answer: 1. Crashing specifically involves adding resources to accelerate the project schedule. 2. It focuses on shortening the duration of activities on the critical path. 3. By adding resources, it typically increases project costs. The other options are incorrect for the following reasons: - Fast-tracking and resource optimization: While these are schedule compression techniques, they don't necessarily involve adding resources or increasing costs. Fast-tracking involves performing activities in parallel that would normally be done in sequence, while resource optimization focuses on efficient use of existing resources. - Critical path acceleration: This is a general term and doesn't specifically imply adding resources or increasing costs. It could be achieved through various methods, not just by adding resources. - Parallel task execution: This is similar to fast-tracking and doesn't necessarily involve adding resources or increasing costs. It's about rearranging the schedule to perform tasks simultaneously when possible. Crashing is the only option that clearly involves both adding resources and potentially increasing project costs to compress the schedule.

Correct Answer: Crashing

The best approach here is 'Crashing'. Crashing is a technique used to shorten the schedule duration for the least incremental cost by adding resources. In this case, since tasks are strictly sequential but there's flexibility in the budget, crashing allows you to expedite the project by investing more resources. 'Fast Tracking' is incorrect because it involves doing several tasks concurrently that were planned to be done in sequence, which is not possible in this scenario. 'Resource Smoothing' is not a solution to expedite the project, it is a technique used to adjust the project schedule to meet resource allocation constraints. 'Schedule Network Analysis' is a technique that generates the project schedule but it doesn't necessarily help to expedite it.