diff --git a/CHANGELOG.md b/CHANGELOG.md
index 142c4c014..a6b5094d6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,7 @@
   directory used for the analysis (helps switching different analyzer SDKs).
 - `ToolEnvironment.create()` takes `pubHostedUrl` as `PackageAnalyzer.create()`
   was removed.
+- `InspectOptions.totalTimeBudget` to allow the dynamic reduction of `dartdocTimeout`.
 
 **BREAKING CHANGES**
 
diff --git a/lib/src/package_analyzer.dart b/lib/src/package_analyzer.dart
index e26eab6b1..27b04895f 100644
--- a/lib/src/package_analyzer.dart
+++ b/lib/src/package_analyzer.dart
@@ -26,15 +26,33 @@ import 'tool/run_constrained.dart';
 import 'utils.dart';
 
 class InspectOptions {
+  /// The PUB_HOSTED_URL to use for the package download and dependency analysis.
   final String? pubHostedUrl;
+
+  /// The output directory to copy the generated docs. When not specified,
+  /// the generated docs will be discarded.
   final String? dartdocOutputDir;
-  final Duration? dartdocTimeout;
+
+  /// The total time budget allocated for the full analysis. `pana` may not be
+  /// able to finish the analysis within this time, but some parts will be
+  /// running with reduced timeouts in the attempt to complete the analysis
+  /// with partial results.
+  final Duration? totalTimeBudget;
+
+  /// The timeout to use when running `dartdoc` on the package.
+  ///
+  /// When [totalTimeBudget] is also specified, the lower of
+  /// [dartdocTimeout] and the remaining budget will be used.
+  final Duration dartdocTimeout;
+
+  /// The line length parameter to be used for dart format checks.
   final int? lineLength;
 
   InspectOptions({
     this.pubHostedUrl,
     this.dartdocOutputDir,
-    this.dartdocTimeout,
+    this.totalTimeBudget,
+    this.dartdocTimeout = const Duration(minutes: 5),
     this.lineLength,
   });
 }
diff --git a/lib/src/package_context.dart b/lib/src/package_context.dart
index 1bc9f0308..724d37529 100644
--- a/lib/src/package_context.dart
+++ b/lib/src/package_context.dart
@@ -92,6 +92,7 @@ class PackageContext {
   final String packageDir;
   final errors = <String>[];
   final urlProblems = <String, String>{};
+  final _stopwatch = Stopwatch();
 
   Pubspec? _pubspec;
   List<CodeProblem>? _codeProblems;
@@ -99,11 +100,26 @@ class PackageContext {
   PackageContext({
     required this.sharedContext,
     required this.packageDir,
-  });
+  }) {
+    _stopwatch.start();
+  }
 
   ToolEnvironment get toolEnvironment => sharedContext.toolEnvironment;
   InspectOptions get options => sharedContext.options;
 
+  /// Returns the remaining time budget, or a very small but positive duration
+  /// if we are already above the total budget.
+  ///
+  /// Returns `null` if the total budget was not specified.
+  Duration? _remainingTimeBudget() {
+    if (options.totalTimeBudget == null) {
+      return null;
+    }
+    final threshold = const Duration(seconds: 1);
+    final remaining = options.totalTimeBudget! - _stopwatch.elapsed;
+    return remaining > threshold ? remaining : threshold;
+  }
+
   late final Version currentSdkVersion =
       Version.parse(toolEnvironment.runtimeInfo.sdkVersion);
 
@@ -235,7 +251,11 @@ class PackageContext {
       return DartdocResult.skipped();
     }
     if (await resolveDependencies()) {
-      final timeout = options.dartdocTimeout ?? const Duration(minutes: 5);
+      var timeout = options.dartdocTimeout;
+      final rtb = _remainingTimeBudget();
+      if (rtb != null && rtb < timeout) {
+        timeout = rtb;
+      }
       await normalizeDartdocOptionsYaml(packageDir);
       try {
         final pr = await toolEnvironment.dartdoc(