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The reduction in project time normally results in
- a)Decrease in the direct cost and increase in the indirect cost
- b)Increase in the direct cost and decrease in the indirect cost
- c)Increase in both direct and indirect costs
- d)Decrease in both direct and indirect costs
Correct answer is option 'B'. Can you explain this answer?
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The reduction in project time normally results ina)Decrease in the dir...
(i) In case of CPM analysis the total project cost is sum of indirect cost and direct cost.
(ii) Indirect cost of a project includes overhead cost , losses, penality, rentals, project accommdations. The indirect cost is directly proportional to project duration with linear variation. so if time is reduced then cost is also reduce.
(iii) Direct cost is the cost which is directly dependent on the amount of resources involved for completion of activities. It includes labour, materials, plants and machining.
(iv) To get the same work done in less time, we have to increase amount of labour, equipment and time saving material that too at extra charges which simply means increase in direct cost.
(ii) Indirect cost of a project includes overhead cost , losses, penality, rentals, project accommdations. The indirect cost is directly proportional to project duration with linear variation. so if time is reduced then cost is also reduce.
(iii) Direct cost is the cost which is directly dependent on the amount of resources involved for completion of activities. It includes labour, materials, plants and machining.
(iv) To get the same work done in less time, we have to increase amount of labour, equipment and time saving material that too at extra charges which simply means increase in direct cost.
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The reduction in project time normally results ina)Decrease in the direct cost and increase in the indirect costb)Increase in the direct cost and decrease in the indirect costc)Increase in both direct and indirect costsd)Decrease in both direct and indirect costsCorrect answer is option 'B'. Can you explain this answer?
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The reduction in project time normally results ina)Decrease in the direct cost and increase in the indirect costb)Increase in the direct cost and decrease in the indirect costc)Increase in both direct and indirect costsd)Decrease in both direct and indirect costsCorrect answer is option 'B'. Can you explain this answer? for Civil Engineering (CE) 2024 is part of Civil Engineering (CE) preparation. The Question and answers have been prepared according to the Civil Engineering (CE) exam syllabus. Information about The reduction in project time normally results ina)Decrease in the direct cost and increase in the indirect costb)Increase in the direct cost and decrease in the indirect costc)Increase in both direct and indirect costsd)Decrease in both direct and indirect costsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Civil Engineering (CE) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The reduction in project time normally results ina)Decrease in the direct cost and increase in the indirect costb)Increase in the direct cost and decrease in the indirect costc)Increase in both direct and indirect costsd)Decrease in both direct and indirect costsCorrect answer is option 'B'. Can you explain this answer?.
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