A good project plan has to keep the project on time and within thebudget. Let's explore how to reduce project duration. There are risks and benefits to reducing project duration. The figure belowis a Project Cost Duration Graph. Each project has direct costs and indirect costs.

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Costs 60 50 40 30 20 10 0 4 Total costs Direct costs 6 8 Optimum cost-time point Indirect costs 10 Project duration 12 Low-cost plan duration point 14 16 Costs 60 50 40 30 20 10 0 4 Total costs Direct costs 6 8 Optimum cost-time point Indirect costs 10 Project duration 12 Low-cost plan duration point 14 16