Reducing Project Duration (graded)

Is it possible to shorten the critical path and save money? Explain how.

The schedule is something you will want to keep close watch on during the project. What are some examples of when you would want or need to reduce the project's duration? Would there be any concerns you might want to consider when discussing the possibility of shortening the project?

Any time you try to reduce a project schedule, there are tradeoffs (cost, quality, availability of resources for other projects, and so on). What are some methods to reduce a project's schedule? Are there any advantages or disadvantages to the various methods that should be considered?