Decision framework for fast-track construction: A deterministic analysis

A deterministic analysis framework that permits the computation of an upper hound on the constant dollar expenditure that should he made to fast-track a project to achieve a specified duration is presented. It employs a baseline plan which corresponds to the traditional method of sequential design, construct, commission and operate, and the economic principle that one will continue to spend as long as the return on the incremental investment equals or exceeds the minimum attractive rate of return. The analysis is based on a generalized definition of fast-track construction, which includes overlapping of the construction and revenue phases and acceleration as well as overlapping of design and construction. An example is given to illustrate application of the framework.