Resources are delegated to the task that needs execution. Resource leveling helps an organization make use of the available resources to the maximum. It helps the organization reduce wastage. Or prevent the misuse of resources. Leveling is about efficiency.
Some of the risks associated with leveling resources are
Delays in the project and task difficulty
Assigning a new resource
Budget over-runs
Decrease project flexibility
Float, sometimes called slack, is the amount of time an activity, network path, or project can be delayed from the early start without changing the completion date of the project. The less slack a project has the less flexibility. The term slack is also understood as the time period by which a project can be delayed before it has negative impact on the project completion. Slack is classified as total slack or free slack. Critical paths are used by projects managers to represent the shortest path to complete a project.
Fast-tracking and crashing are used if things get out of hand. Fast-tracking performs a critical path task. It buys time. Although it only works if the activities can be overlapped. The work is completed for the moment but there is a chance re-work will need to be completed which is much higher. Crashing is what project managers do to reduce the amount of time that the project will take. Crashing is about assigning resources to get work finished quicker and is associated with additional cost.
Imposed duration is when a project manager assigns a completion date that is not in line with the project teams estimated duration. To meet this date, extra money is funded in the project to speed up the process. Catch up is when the project is falling behind schedule and additional resources are added to complete the project timely. (Edwards, 2013) Hence, the risk of budget overrun is there, along with conflicts between the project management team and the top management over scheduling time and cost.
References
Edwards, G. (2013). What If Your Project Falls Behind? Bright Hub Project Management. W. (n.d.). Retrieved September 5, 2018, from https://pm4id.org/chapter/8-3-critical-path-and-float/
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more