engleski

Analysis of impact of shortening/extending of project duration on total costs

In each project development (products or services), there are certain costs that are result of the consumption of materials and other factors of the technological process, such as: work force, tool, energy, wear of basic resources, etc. Any activity that needs to be carried out to earn revenue, as a rule, entails certain costs. Costs are a regular occurrence in the operations of each business system and it is not possible to perform any activity on a project and avoid costs. Costs are the center of economics, and in the literature of economics they occupy a central place because the notion of economics is closely related to the cost-dependent business performance. It can be concluded that all economic decisions are based on costs, so the special attention should be given to cost management. Practical experience shows frequent delays in the fulfilment of obligations towards the end customer, regarding the fulfilment of obligations by the unplanned engagement of additional work with increased production costs. Using the method (PERT / COST) in the paper, an analysis was carried out to allow a more realistic forecasting of total project costs and a part of the available resources while maintaining project completion times.

project, costs, analysis

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