net present value

Resource-constrained project scheduling involves the construction of an activity timetable, i.e. the determination of a start and finish time for each project activity, respecting the precedence relations and the limited availability of the renewable resources, while optimizing a predefined scheduling objective (see “Resource constrained project scheduling: What is my scheduling objective?”). In this article, the scheduling objective is assumed to be the maximization of the net present value of the project.