Project acceleration
Definition
Project acceleration concept
Project acceleration is a management technique that seeks to reduce the total execution time of a project without compromising its fundamental objectives, such as quality and scope. This process involves modifying the sequence, duration, or resources of activities to meet tighter deadlines or to respond to unexpected changes in the project environment.
In practice, acceleration may require the reallocation of resources, the overlapping of tasks that were originally planned sequentially, or the incorporation of new technologies or methods that optimize processes. However, this practice can also imply an increase in costs and associated risks, so it must be carefully planned and managed.
Fundamentals and principles of project acceleration
Basis for reducing the duration of the project
Project acceleration is based on analyzing the critical activities that determine the total duration of the project and applying strategies to reduce their times. The critical path is the set of activities that cannot be delayed without affecting the final date, so focusing efforts on these tasks is essential to accelerate the project.
Additionally, the slack available in non-critical activities that could be compressed to free up resources and accelerate the overall process is evaluated. Accurate identification of the critical path and evaluation of alternatives for its reduction are essential to achieve effective acceleration.
Finally, for acceleration to be viable, it is necessary to have a control and monitoring system that allows monitoring the impact of modifications and detecting possible deviations in time, cost and quality.
Key principles to achieve acceleration
One of the fundamental principles is the balance between time, cost and quality. Acceleration should not sacrifice quality or lead to a disproportionate increase in costs. Therefore, planning must incorporate cost-benefit analysis to decide to what extent it is advisable to accelerate.