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Time Cost Trade-Off Analysis
This flowchart outlines the Time Cost Trade-Off analysis—a crucial concept in construction project management that assists in finding the optimum balance between project duration and total cost. It starts with pre-construction strategies, such as accounting for design uncertainties and selecting efficient construction methodologies, and proceeds to detail methods like fast-tracking and resource optimization during the construction phase. Additionally, it highlights the scenarios where this analysis is necessary, such as when a project is behind schedule or when there's a need to free up critical resources. This educational flowchart is an excellent resource for project managers, construction professionals, and students aiming to understand the principles of efficient project execution and cost management.
Edited at 2022-10-21 14:06:14
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