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You are the project manager of the NHQ project. This project is scheduled to last for six months and will require $345,000 to complete. If the project completes earlier than scheduled, your organization will receive a bonus of $5,000 per day for the early completion. Management has asked you to develop an aggressive schedule to realize as much of the bonus as possible, but you must be careful not to increase project risk beyond an acceptable level of risk exposure. Which of the following approaches is most likely to increase project risk?
Fast tracking allows entire phases of the project to overlap and this action does
increase risks. This is an approach that you would want to
avoid in your project.
Answer option B is incorrect. Crashing adds labor to the project and typically drives project costs.
Answer option A is incorrect. The critical chain method considers the availability of project resources
as part of its network diagramming
technique.
Answer option C is incorrect. Lead time allows project activities to overlap and may introduce
project risks, but not to the extent of using fast
tracking.