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time-cost production

 

Definitions from the Web

Time-Cost Production

Definition: Time-Cost Production refers to a production strategy that takes into consideration both the time required to complete a project or produce goods, as well as the associated costs involved.

Sense 1 (Noun): In project management, time-cost production refers to the analysis and planning of resources, tasks, and schedules to optimize both time and cost factors, ensuring efficient and cost-effective project completion.

Example Sentence 1: The construction company used time-cost production techniques to meet the tight deadline and budget constraints of the new office building project.

Example Sentence 2: By implementing time-cost production strategies, the software development team was able to reduce production time without compromising the overall quality of the product.

Related Products: Project Management Tools, Cost Optimization Strategies

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