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The truth is I have a theory on this subject but I think through the experience that this approach to project management by the permanent search for supplies and other supplies required for quality price and cost less
The functions of the project manager is important to have a way to control expenses and compare them with the theoretical cost to the project and all the pricing details and vocabulary items and be able to work this way from actual cost control and cost reduction to the cost theory in the study of price
I know that it was established before I started my carreer but I don't know exactly when. I also know that it is concerned with cost control of the subject engineering projects. I learned that the main concepts employed are:
- the target is the minimum total cost of the approved project goals with the specified qualities
- Design to reduce implementation and maintenance costs
- source the material to reduce the implementation costs
- reduce costs for shipping and storing the used materials
Cost reduction is one way of quality management and enable the company to compete in the market if it adopts the strategy of cost cutting.
I am sorry, I don't know.
