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What is Time-Cost Tradeoff in Project Management about?

The document discusses time-cost tradeoffs for tasks in project management. It presents different time-cost relationships including linear, non-linear convex and concave, and discontinuous relationships. The critical path method is introduced for determining the shortest possible project duration. An example network diagram with tasks and their normal and crash durations and costs is provided. The time-cost tradeoff procedure involves initially determining the critical path, then selecting the cheapest task

Author

VIKASH PRASAD

Language

EN