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Key Terms
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Crash point  The most a project activity time can realistically be compressed with the resources available to the organization.
Crash time  The shortest time an activity can be completed (assuming a reasonable level of resources).
Direct costs  Costs that are clearly charged to a specific work package—usually labor, materials, or equipment.
Fast-tracking  Accelerating project completion typically by rearranging the network schedule and using start-to-start lags.
Indirect costs  Costs that cannot be traced to a particular project or work package.
Outsourcing  Contracting for the use external sources (skills) to assist in implementing a project.
Phase project delivery  Delivering useful parts of a project in phases instead of when the project is entirely completed.
Project cost--duration graph  A graph that plots project cost against time; it includes direct, indirect, and total cost for a project over a relevant range of time.







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