Fast Tracking is a duration compression technique to shorten the project schedule usually to meet the target dates. Normally this will be done by overlapping or compressing some of the project phases. This will result in over-all shorter project schedule.
Most common method of Fast Tracking is to starting two or more tasks at the same time that were originally planned to start on different time schedule.
Advantages
1. It’s an option to keep the project on schedule
2. Compresses/shortens the project schedule
3. Allows meeting the client commitments
Disadvantages
1. Increases risk and potentially causes rework
As a PM, you might be frequently asked by the key stakeholders to do fast tracking the entire project. Stakeholders always focus on the target date. But as PM you must look into all aspects such as meeting the project obective, resources, quality apart from schedule. Thus you must focus on the health of the entire project and analyze to make a right decision. You should apply your negotiation skills to convince the key stakeholders with your proper justification.
-Posted by Dhana
Posted by Dhanasekaran 