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Definitions from the Web

Time-Cost

Description:

Time-Cost refers to the concept of the relationship between the amount of time spent on a task or project and the associated cost. It explores the trade-off between completing a task quickly or investing more time to reduce costs.

Sample Sentences:

1. It is important to consider the time-cost implications before taking on a new project.
2. The project manager decided to hire additional staff to expedite the project, even though it increased the time-cost ratio.
3. By utilizing efficient project management techniques, the team was able to minimize the time-cost of the project.

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