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Tuesday, April 2, 2013

Time-Cost Trade-offs

There is a relationship between a project's time to completion and its cost. For some types of costs, the relationship is in direct proportion; for other types, there is a direct trade-off. Because of these two types of costs, there is an optimal project pace for minimal cost. By understanding the time-cost relationship, one is better able to predict the impact of a schedule change on project cost.

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