Question

The procedure used to reduce project completion time by trading off time versus cost.

Short answer

Project crashing is a technique for decreasing project length by decreasing the timing of one or even more essential project tasks to less than the standard task period.

Step-by-step solution

Project Crashing

In managing projects, project crashing is a way of reducing a project's timeframe by adding more resources without modifying the project’s scope. Project crashing is also referred to as project schedule compressing as well as project timeline crash. This project management approach requires employing extra resources to shorten the duration of the project.

The procedure used to reduce project completion time by trading off time versus cost is crashing

Project crashing occurs when you reduce the length of one or even more activities to decrease the project duration. Crashing is accomplished by allocating more project resources, causing activities to take less duration than intended. This raises the total expense of the project. As a consequence, the fundamental goal of project crashing is to reduce the project while maintaining expenses to a minimum.