Cost of Delay is a concept used in project management which is the economic impact of delaying a project. It measures the financial cost of not doing a project on time and can be used to calculate the benefit of completing a project on time. It can be used to compare the financial costs of delaying a project versus the economic benefits of completing a project on time. The cost of Delay is often used to determine a project's priority or decide how to allocate resources. It can also be used to determine the value of a project and the best time to start the project. It is essential to understand the cost of delay to make informed decisions in project management.
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