Statement (I): Time-Cost Study for the project must be adopted only when project duration is to be crashed.
Statement (II): When there are unmanageable restrictions in realizing a predetermined resource histogram Time-cost Study may have to consider extension of project duration as well.
1. Both Statement (I) and Statement (II) are individually true and Statement (II) is the correct explanation of Statement (I)
2. Both Statement (I) and Statement (II) are individually true but Statement (II) is not the correct explanation of Statement (I)
3. Statement (I) is true but Statement (II) is false
4. Statement (I) is false but Statement (II) is true