Alternative strategies for reducing project time were discussed within the context
of whether or not the project is resource limited. Project acceleration typically
comes at a cost of either spending money for more resources or compromising the
scope of the project. If the latter is the case, then it is essential that all relevant
stakeholders be consulted so that everyone accepts the changes that have to be
made. One other key point is the difference in implementing time-reducing activities
in the midst of project execution versus incorporating them into the project
plan. You typically have far fewer options once the project is underway than before
it begins. This is especially true if you want to take advantage of the new
scheduling methodologies such as fast-tracking and critical-chain. Time spent up
front considering alternatives and developing contingency plans will lead to time
savings in the end.