A project’s critical path can have some flexibility, but this flexibility always comes with an expense in efficiency and ultimately cost. There are different management techniques that can be used to manipulate task times, completion dates, and so forth to make adjustments to meet the project’s completion date. This assignment is intended for you to comprehend some of these techniques and terminologies.
Conduct research to complete the following assignment. Develop two-page document, excluding cover sheet and reference page, which defines the project management terms below and explains how they are applied to managing a project’s critical path:
- 1-Fast Tracking
- 2-Forward and Backward Pass
- 3-Slack or Float Time