Plytanium will not work for hull planking nor heavily loaded bulkheads. T1-11 can work, if really cheap and not especially long lived is desired. 10 years isn't much to ask and you can use bathroom tissue for planking, given enough epoxy and fabric, but the "goo factor" goes up dramatically, which kills the inexpensive portion of the problem.
The cheapest way to go is APA, AB or BB sheets with exterior plywood used internally. This can last without a full sheathing, just taped seams for 10 years. You'll have some repairs, but any boat that sees reasonable use will also. You can go cheaper using an "exterior" sheet, but if a powerboat that's blasting around in some chop, it will not last long.
Current pricing for 1/4" BB marine is about $39 from Menards (who's usually higher than most, but a good retail gauge). A meranti Aquatek sheet, which is built to the much better BS-6566 standard is about $50, although it's not as commonly available. Hydrotek is built to the BS-1088 standard (much, much better than PS1-95) and this is about $55% bucks per sheet.
So, let's take a small boat that needs 10 sheets of 1/4" plywood. You can spend $399 on BB marine at the local big box store, if they will bother to order it for you. This plywood will be Douglas fir, which checks like crazy and only 3 veneers, so quite weak. On the other hand, you can get some Aquatek at $500 bucks or Hydrotek at $550 and in the big picture the most you'll save is $150 bucks, which you'll easily spend on fabrics and goo, trying to control the cheaper Douglas fir from checking. Simply put, yeah you can find places to save money, but generally the planking is some of the best stock on the boat, for some obvious and others not so much, reasons. If $150 bucks kills the deal for this hypothetical boat build, you need to consider building tool sheds instead. You'll spend $150 on painting it alone, once you count up rollers, brushes, thinners, paint, primer, masking tape, etc.