Project Management: The Time-Cost Relationship
- Topics:
- Project Management
- Tags:
- Benefits,
- Salary,
- Recruitment & Selection,
- Project Management,
- Personal Finance,
- Payroll Solutions,
- Larry Lim,
- Human Resources,
- Finance,
- Currency & Foreign Exchange,
- ...
- Source:
- Larry Lim
FREE Registration is required
Overview: There is usually a direct and very important relationship between time and money. If the planned timescale is exceeded, the original cost estimates are almost certain to be overspent. A project costs money during every day of its existence, working or non-working, weekday or weekend, from day on of the program right through until the last payment has exchanged hands. The variable or direct project costs of materials and workforce man-hours are time-related in several ways. Cost inflation is one factor, so that a job started and finished later than planned can be expected to cost more because of intervening materials price rises and increases in wages, salaries, and other costs.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Feb 2007 | Pages: 4
People who downloaded this item also downloaded
 |
The Inter-Relationship Of Time, Cost, Scope And Quality In Project Management |
