The optimum duration for a project is at the point where:
A)Direct costs are the lowest
B)Indirect costs are the lowest
C)Direct costs equal indirect costs
D)Total project costs are the lowest
E)The project changes from time-constrained to resource-constrained

Question

Quizplus · Accepted Answer

The optimum duration for a project is where the total project costs are the lowest, taking into account both direct and indirect costs. This is the point where the project is most efficient and cost-effective, as any less time would result in additional costs due to rush jobs or missed deadlines, and any more time would result in unnecessary expenses such as increased overhead or labor costs. Therefore, by minimizing total project costs, the project can maximize return on investment and remain competitive in the market.

The Optimum Duration for a Project Is at the Point