Question
Download Solution PDFTotal Project Cost versus time curve is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept:
- Total Project Cost and Optimum Duration: The total project cost is the sum of the direct cost and indirect costs. It is U-shaped curve.
- We find that the minimum total cost is obtained at some duration known as the optimum duration to, the corresponding cost is known as the minimum cost.
- If the project duration is increased, total cost will increase, while if project duration is decreased to the crash value project cost will be the highest.
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