In the time-cost CPM model, cost is assumed to be a linear function of time. Group of answer choicesTrueFalse
Question
In the time-cost CPM model, cost is assumed to be a linear function of time. Group of answer choicesTrueFalse
Solution
True
In the time-cost CPM (Critical Path Method) model, it is generally assumed that cost is a linear function of time. This means that as more time is spent on a task, the cost of that task increases proportionally. This assumption is used to simplify the process of determining the optimal project schedule and cost. However, in reality, the relationship between cost and time may not always be linear due to factors such as economies of scale, learning curves, and other complexities.
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