Example
At one company, a project to produce a new valve is underway. The Gantt chart for this project has been created and supported. The date for the first finished product to come off the production line also has been firmly set.
The department's chief executive receives word from corporate headquarters that a competitor expects to have the same product on the market six months ahead of ours. We are ordered to cut six months from our two-year schedule.
As project manager, you and your team proceed to examine the Gantt chart to determine the amount of time that can be taken out of the schedule by using overtime and outsourcing. As a group, you form a conclusion on what can be done and on the additional costs that will be attributed to the acceleration. ...
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