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Ocean shipping is used extensively for the transport of heavy perishable cargoes.
Cost/Time Trade-Off
A project management concept that emphasizes the relationship between the cost of completing a project and the time it takes to complete it, indicating that decreasing the completion time often results in increased costs.
Critical Path
The chain of crucial operations in a project that must be executed on schedule for the project to be completed by the targeted due date.
Network Diagram
A visual representation of a project's tasks and the relationships between them, showing the sequence of tasks and dependencies.
Gantt Chart
A visual project management tool that outlines a project schedule, showing the start and finish dates of various elements or tasks within the project.
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