The typical pragmatic approach that managers take in making time-cost trade-offs are described, as well as the computerized TCT methods and the assumptions upon which they depend. It is noted that the TCT assumptions do not fit construction projects, and current computer models are not applicable to construction work, and not of use in construction planning. The paper discusses the interaction of planning and estimating, the dominance of methods or resources decisions, and time-cost trade-off optimization techniques that are based upon CPM methods of analysis. Assumptions of time-costs trade-off techniques are also discussed.

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  • Accession Number: 00488801
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Oct 31 1989 12:00AM