Abstract
Reducing project duration is rewarding for both owners and contractors in any competitive industry. Fast-tracking strategies are the most practical way to achieve shorter project duration, although these strategies invariably impose additional risks and may negatively impact project performance. Despite all negative impacts, if the effect of applying fast tracking techniques on project performance can be theoretically and practically identified, monitored and controlled throughout the project, the fast tracking can result in better outcomes. The objective of this paper is to demonstrate a theoretical framework for evaluating and quantifying the impact of fast-tracking techniques on project duration and cost. The ultimate outcome of the research presented in the paper is to provide project managers with benchmarked fast-tracking techniques which assist them in effective and efficient utilization of fast-tracking techniques from the preplanning phase of the projects.
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