Welcome to Project Management Questions!

You can ask any question on Project Management and you can rest assured that real Project Managers will answer your shortly!

What is the relationship between time and cost of building projects?

Analyze the relationship between time and cost using completed building projects from the year 2000 to 2009.
asked 11 years ago by anonymous edited 11 years ago by FastProjectManager

1 Answer

If you want an analysis for all the years between 2000 and 2009, then you are probably looking for a research paper, and this is not really the place.

Anyway, in construction project, here is the formula:

- When the time increases, the cost of the project will increase, because you will have workers working more days and you may run into some penalties for finishing late.
- When the time decreases, then this means that we are working faster than usual (maybe adding extra labor, renting more equipment), then also the costs will increase.
answered 11 years ago by MaplePM (46,940 points)

Related questions

© 2010 - 2012 Project Management Questions - All Rights Reserved