cost planning
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Elemental cost planning — is a system of Cost planning and Cost control, typically for buildings, which enables the cost of a scheme to be monitored during design development.It should : *Ensure that the tender amount is close to the first estimate, or that any likely… … Wikipedia
Least cost planning methodology — (LCPM), also referred to as least cost planning (LCP) is a relatively new technique used by economists for making rational decisions about investments in transportation and other urban infrastructure projects. It is based on cost benefit analysis … Wikipedia
Least-Cost-Planning — [ liːstkɔstplænɪȖ; englisch »Niedrigkostenplanung«], Abkürzung LCP, Integrierte Ressourcenplanung [ rɛ sursən ], Abkürzung IRP, regulatorischer und unternehmensplanerischer Konzept für die leitungsgebundene Energiewirtschaft, das die… … Universal-Lexikon
Cost estimation models — are mathematical algorithms or parametric equations used to estimate the costs of a product or project. The results of the models are typically necessary to obtain approval to proceed, and are factored into business plans, budgets, and other… … Wikipedia
Cost–benefit analysis — (CBA), sometimes called benefit–cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project for two purposes: (1) to determine if it is a sound investment (justification/feasibility), (2) to see how… … Wikipedia
Cost-benefit analysis — is a term that refers both to:* a formal discipline used to help appraise, or assess, the case for a project or proposal, which itself is a process known as project appraisal; and * an informal approach to making decisions of any kind. Under both … Wikipedia
Cost management — is the process whereby companies use cost accounting to report or control the various costs of doing business.The term cost management is widely used in business today. Unfortunately cost management has no uniform definition. Cost management… … Wikipedia
Cost engineering — is an area of engineering practice concerned with the application of scientific principles and techniques to problems of cost estimating, cost control, business planning and management science, profitability analysis, project management, and… … Wikipedia
Cost underestimation — is defined as the act of assessing the cost of a future venture lower than what actual cost turned out to be once the venture was implemented. Cost underestimation causes cost overrun. The main causes of cost underestimation are optimism bias and … Wikipedia
Cost of poor quality — (COPQ) or poor quality costs (PQC), are defined as costs that would disappear if systems, processes, and products were perfect. COPQ was popularized by IBM quality expert H. James Harrington in his 1987 book Poor Quality Costs.[1] COPQ is a… … Wikipedia
Cost-effectiveness analysis — (CEA) is a form of economic analysis that compares the relative costs and outcomes (effects) of two or more courses of action. Cost effectiveness analysis is distinct from cost benefit analysis, which assigns a monetary value to the measure of… … Wikipedia
