What does fast track mean in construction?
From Wikipedia, the free encyclopedia. Fast-track building construction is construction industry jargon for a project delivery strategy to start construction before the design is complete. The purpose is to shorten the time to completion.
What is primary use for fast track scheduling?
What Is the Primary Use of Fast-Track Scheduling? Fast-track scheduling accelerates project completion to make up for lost time. A team may fast track project execution to meet an updated delivery date, complete a competitive opportunity without scope change, or shorten a project with missed milestones.
What is the advantage of a fast track project?
What are the advantages of fast tracking? Being able to deliver and implement the project ahead of schedule is a plus for any individual and for the project manager. Each project sponsor has the desire to see his project delivered sooner than expected. Bring the project back on track and on schedule.
What is the advantage of a fast track contract?
The main advantages of fast track construction are savings in time and money. The overall design and construction schedules are significantly reduced compared to a traditional project. In addition to reducing the overall schedule, the cost savings can be substantial since prices are not subject to market increases.
What are the disadvantages of fast tracking a project?
Fast Tracking Disadvantages
- Lack of Critical Path Knowledge. Don ‘t attempt to fast track your project if you don’t feel comfortable and/or you aren’t knowledgeable of how to compute the critical path.
- Risk of Rework.
- Closely Monitoring the Critical Path.
When should fast tracking be used?
It can be used when a project falls behind schedule and needs to catch up or to finish the project sooner than originally scheduled. The two techniques you can use to shorten the project duration while maintaining the project scope are fast tracking and crashing.
Why is fast tracking bad?
When fast track fails badly Poor execution can result in cost overruns, worsening relationships, and schedule delays. Architects and engineers suffer greater risks because there is no cushion between when the design is completed and construction starts, which means fewer opportunities to discover and solve problems.
What are the disadvantages of fast tracking?
What are the risks of fast tracking a project?
The study shows that inaccurate cost estimating and cost overrun risk liability, liability for design errors and omissions, delay damages, change orders, construction rework and modifications, as well as risk liability for overlooked work are among the most common reasons for disputes in fast-tracking.
Why is fast tracking risky?
Although fast tracking may not result in an increase in the cost, it leads to an increase in the risk, because activities now being performed in parallel may lead to needing to rework or rearrange the project. And, reworking the project can cause the project to lose even more time.
What is the primary risk associated with fast tracking?
The risk involved with fast tracking is that problems can occur if parallel aspects of the project include dependencies. In our example your risk is that you need to rework the prototype if the design is change half way through the process.
What are the advantages of fast tracking a project?
Fast-tracking allows you to compress a project timeline and shorten the project duration. When you fast-track project schedules, a planned activity partially or completely overlaps with another. So, activities that were initially scheduled to be done one after another are rearranged to occur at the same time.