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cost and time-efficient solution vs cost and time-effective solution

Both phrases are correct and commonly used in English. They convey a similar meaning, emphasizing the importance of saving both money and time. The choice between 'efficient' and 'effective' depends on the specific context and the nuance the speaker/writer wants to convey.
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Explained by Jennifer
Editor at TextRanch

Last updated: March 24, 2025 • 5136 views

This phrase is correct and commonly used in English to describe a solution that saves both cost and time effectively.

"cost and time-efficient solution"

This phrase is used to emphasize that a solution is able to achieve the desired outcome with minimal cost and time investment.

Examples:

  • The new software provides a cost and time-efficient solution for project management.
  • We need to find a cost and time-efficient solution to streamline our production process.
  • That form of isomalt is cost-saving and time-efficient for the industry and is consequently of interest, for example, to confectionery manufacturers.
  • An integrated network will reduce procurement and maintenance costs and systemic inefficiencies.
  • Costs and comparisons thereof are important information.
  • - alleviation of administrative costs and constraints for fishermen.
  • - revised forecasts for fuel costs and economic growth.
  • Adapting to these standards increases costs and weakens their competitive position.
  • This would complicate decommissioning works, adding costs and potentially safety concerns.
  • Intra-mural expenditures are valued at production cost and include all operating costs including the labour cost and capital expenditure.
  • The evolution in labour costs and productivity had a positive impact in keeping firm control over the production cost and helped the improvement of profit results.
  • The updating must consider the benefits of costs and should be done on the principle that additional costs and burden remain within a reasonable limit.
  • The September plan quantifies the costs and effects of employment restructuring but does not explain or justify the basis on which these costs and effects were estimated.
  • All relevant expected costs and benefits must be considered over the lifetime of the project, including the costs and revenues stemming from the results of R&D&I activities.
  • Member States should systematically assess costs and benefits of legislative initiatives and revisions.
  • The allocation must safeguard the opportunity to increase efficient production without extra costs and the international competitiveness.
  • That all adds costs and it means railways cannot compete.
  • They pay for hospital costs and taking care of the mother.
  • HAMESTA was overstaffed in its operational and administrative departments, resulting in high costs and inefficient management.
  • In order to determine the costs and revenues of the public service obligations that qualify for compensation payments, RTP applies an analytical accounting system.
  • Costs and revenues must be correctly allocated on the basis of clearly established, objective cost accounting principles.
  • 3,5 %- situation regarding costs and revenues, which strongly impacts the evolution of overall profitability.

Alternatives:

  • cost-effective and time-efficient solution
  • time and cost-efficient solution
  • efficient solution in terms of cost and time
  • solution that is efficient in both cost and time
  • solution that saves both cost and time effectively

This phrase is correct and commonly used in English to describe a solution that is effective in terms of both cost and time.

"cost and time-effective solution"

This phrase is used to highlight the effectiveness of a solution in achieving the desired outcome within the constraints of cost and time.

Examples:

  • The company implemented a cost and time-effective solution to improve customer service.
  • We are looking for a cost and time-effective solution to reduce production delays.
  • An integrated network will reduce procurement and maintenance costs and systemic inefficiencies.
  • Costs and comparisons thereof are important information.
  • - alleviation of administrative costs and constraints for fishermen.
  • - revised forecasts for fuel costs and economic growth.
  • Adapting to these standards increases costs and weakens their competitive position.
  • This would complicate decommissioning works, adding costs and potentially safety concerns.
  • Intra-mural expenditures are valued at production cost and include all operating costs including the labour cost and capital expenditure.
  • The evolution in labour costs and productivity had a positive impact in keeping firm control over the production cost and helped the improvement of profit results.
  • The updating must consider the benefits of costs and should be done on the principle that additional costs and burden remain within a reasonable limit.
  • The September plan quantifies the costs and effects of employment restructuring but does not explain or justify the basis on which these costs and effects were estimated.
  • All relevant expected costs and benefits must be considered over the lifetime of the project, including the costs and revenues stemming from the results of R&D&I activities.
  • Member States should systematically assess costs and benefits of legislative initiatives and revisions.
  • The allocation must safeguard the opportunity to increase efficient production without extra costs and the international competitiveness.
  • That all adds costs and it means railways cannot compete.
  • They pay for hospital costs and taking care of the mother.
  • HAMESTA was overstaffed in its operational and administrative departments, resulting in high costs and inefficient management.
  • In order to determine the costs and revenues of the public service obligations that qualify for compensation payments, RTP applies an analytical accounting system.
  • Costs and revenues must be correctly allocated on the basis of clearly established, objective cost accounting principles.
  • 3,5 %- situation regarding costs and revenues, which strongly impacts the evolution of overall profitability.
  • Revision of data requirements to forego redundant testing could markedly reduce costs and animal use.

Alternatives:

  • cost-effective and time-effective solution
  • time and cost-effective solution
  • effective solution in terms of cost and time
  • solution that is effective in both cost and time
  • solution that is effective in saving both cost and time

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