Implementing Target Costing Method in a Construction Project
Anamaria Tepeş-Bobescu, Ileana – Sorina Rakos
Abstract
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Anamaria Tepeş-Bobescu, Ileana – Sorina Rakos
Abstract
Open-access reader
Article discusses the implementation of target costing method in a construction project that takes place in Romania. There are treated the concepts of cost and target cost of specialty literature and also are presented the stages to be completed in implementing target costing method. To implement targeted costing method a case study was done on a building project. The article ends with authors’ conclusions based on implementing target costing method in a construction project and the advantages and its limits.
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Article discusses the implementation of target costing method in a construction project that takes place in Romania. There are treated the concepts of cost and target cost of specialty literature and also are presented the stages to be completed in implementing target costing method. To implement targeted costing method a case study was done on a building project. The article ends with authors’ conclusions based on implementing target costing method in a construction project and the advantages and its limits.
Key concepts: Activity-based costing, Target costing, Job costing, Product cost management, Computer science, Engineering management, Process management, Operations management