When reducing project duration, there will always be an optimum cost-time point where the total cost of the project is less than it was when the project was initially planned under normal conditions.

Question

Quizplus · Accepted Answer

Reducing project duration often involves applying additional resources or employing expedited processes, which can increase direct costs. While there might be an optimum point where the cost of accelerating the project is less than the indirect costs saved (like overhead or opportunity costs), it's not guaranteed that this cost will be less than the total cost under normal conditions. The total cost could be higher due to the increased expenses associated with shortening the project timeline.

When Reducing Project Duration, There Will Always Be an Optimum