Document Detail

Title: IR214-2 - Cost/Schedule Trade-Off Tool
Publication Date: 1/1/2007
Product Type: Implementation Resource
Status: Tool
Pages: 0
This decision support tool, the CSTT, helps in identifying opportunities for trade-off between cost and schedule. User-friendly, this Microsoft® Excel spreadsheet assists in evaluating the degree of trade-off and identifies techniques to optimize cost and schedule. Ranks project drivers, quantifies the trade-off, ranks techniques by effectiveness, and lists applicable techniques by project phase.

NOTE: This publication’s accompanying beta software is a proof of concept and is available for informational purposes only.

By downloading or purchasing this publication, you understand and accept that its accompanying software may stop opening or running properly on future platforms and is not supported or maintained by CII.

Both the publication and its software are protected by applicable copyright restrictions as set forth by CII.

Any party interested in adapting this software is invited to contact CII Associate Director for Deployment to discuss licensing.
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Abstract

To assist the decision maker in identifying opportunities for trade-off between cost and schedule, the research team developed an Excel® based tool. This user-friendly tool evaluates the degree of tradeoff and assists in identifying techniques to optimize cost and schedule.

The CSTT is designed to accomplish the following:

  • Analysis of project drivers to rank importance of the drivers in the trade-off decision.
  • Quantify the trade-off between cost and schedule based on the drivers and set a scale to measure it.
  • Using this scale and the input from the impact assessment surveys, techniques are ranked by their relative effectiveness to achieve the trade-off.
  • Based on analysis, lists of applicable techniques are provided for each project phase individually as well as for the whole project.