Fruitty Blog: FREE PROJECT DOCUMENT ON AUTOMATION OF TIME COST T...

Fruitty Blog: FREE PROJECT DOCUMENT ON AUTOMATION OF TIME COST T...:



ABSTRACT

Time Cost Trade Off (TCTO) is a process to identify suitable project activities for speeding up and deciding by how much so as to attain the best possible saving in both time and cost for that project . The objective of TCTO is to reduce the original project duration, determined from the critical path, to meet a specific deadline with the least cost . Performing this computation in the past was prone to error, became complex as well as tedious when the size of data was increased and also of technical knowhow of individuals was a problem. This analysis involves the computation of the TCTO model using the Simple Critical Path Method TCTO Algorithm which in the past was done manually. In this work, time and the resource used resulting to the overall cost of the project are considered and the different cost involved in a project . The aim of this work is to automate TCTO analysis by building a system which will help project managers and individuals alike to perform this computation easier and accurately with little or no knowledge of the model in other to save time using Python Programming Language implemented as a desktop software.