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Risk Assessment for Scheduling Acceleration

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Executive Summary

Time-cost-trade-off is a known method to accelerate a construction project by using the CPM method. However, this method cannot be used solely in the contractor or owner's decision to accelerate the project schedule because the vagueness of defining delays and acceleration responsibilities. In addition, time-cost-trade-off overlooks the increase in project risk that is associated with schedule acceleration. In certain circumstances during the acceleration, the contractor might find that the project acceleration is not a wise decision because of the increase of the project risk that is associated with project acceleration.

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