If the Project Manager has a costed project schedule and wants to know options for minimising the project duration, what advice should the Project Planner provide? Read on to see how all key information can be provided through the #TimeCostCurves program.
Figure 1: Costed project schedule setup for producing the TimeCostCurve. Cost figures are derived from the source webpage [www.isca.in › MATH_SCI › Archive › 3.ISCA-RJMSS-2013-018.pdf].
||Rs 4,787,740||Direct (normal) costs|
Figure 2: Normal conditions schedule.
Figure 3: TimeCostCurve with Task ID data points
|Schedule:||Duration (days):||Cost (Rs):||Remarks:|
|Normal schedule||45 days||Rs 5,485,240|
|Least-cost schedule||38 days||Rs 5,417,170|
|Least-time schedule||33 days||Rs 5,475,470|
|Fully-crashed schedule||33 days||TBD|
Figure 4: Least-time schedule