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Time vs. Money

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(@aymenelassa)
Posts: 30
Eminent Member
 

I think the context within where these projects are being created for heavily influence that decision on whether money or time is more important. In a business, or the industry, most decisions there are based on money and costs and profit. A business only really grows if it is bringing in money which is why those kinds of projects care more about money than time. However, projects that are done in research spaces and for the greater good of the world are often always given much more time to ensure that the product that is being brought out is the best it can be, and not a rushed work.

 
Posted : 07/04/2024 11:52 pm
 SAM
(@afshinsadri)
Posts: 34
Eminent Member
 

I think the answer to this issue can be found in the fact that first we have to calculate accurate calculations for production cost and production failure rate in the initial production plan. In this case, the production rate and the required failure are the two main axes of time and money, which is time on the horizontal axis and money on the vertical axis. However, it should be noted that playing with any of these parameters will have consequences in the production stages. So, in my opinion, both of them are important for production, which will be included in the production plan, and are important factors in the project's break-even cost.

 
Posted : 12/04/2024 10:38 pm
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