In 1748, Benjamin Franklin said to a young tradesman that “time is money.” Franklin’s words couldn’t ring any truer today, especially in time-constrained industries like aerospace, military and the construction industry — industries where time is literally money when deadlines are looming. Missing a deadline is something that you really don’t want to see happen if you’re launching a spacecraft or constructing a building, as doing so can have disastrous consequences to your business.
Let’s take the real world example of the well-known Sydney Opera House in Australia, which was started in 1959 with an initial budget of AUS $7 Million.…
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