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

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Analyze the relationship between time and cost using completed building projects from the year 2000 to 2009.
asked 10 years ago by anonymous edited 10 years ago by FastProjectManager

1 Answer

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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 10 years ago by MaplePM (46,940 points)

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