Target costing in construction: A comparative study

Reymard Savio Sampaio De Melo, Amit Kaushik, Lauri Koskela, Ariovaldo Denis Granja, Kaushal Keraminiyage, Patricia Tzortzopoulos

Research output: Chapter in Book/Report/Conference proceedingConference contribution

3 Citations (Scopus)

Abstract

Target costing is an approach for the development of new products in the automobile industry, aimed at reducing their life-cycle costs while ensuring quality, reliability and other client requirements, by examining all possible ideas for cost reduction at the product planning, research and development and prototyping phases. Prior studies have attempted to adapt the manufacturing target costing process to the project-based nature of the construction industry. This paper aims to provide insights for future target costing implementations in the public sector projects. A qualitative comparison of three studies is performed through the lens of a set of target costing influencing factors. Similarities and differences revealed in the comparison suggest that factors related to supplier-base strategy and to the nature of customer are potentially relevant to future target costing implementations in public sector projects.

Original languageEnglish
Title of host publication22nd Annual Conference of the International Group for Lean Construction
Subtitle of host publicationUnderstanding and Improving Project Based Production, IGLC 2014
PublisherThe International Group for Lean Construction
Pages183-194
Number of pages12
Publication statusPublished - 2014
Externally publishedYes
Event22nd Annual Conference of the International Group for Lean Construction: Understanding and Improving Project Based Production - Oslo, Norway
Duration: 25 Jun 201427 Jun 2014
Conference number: 22

Conference

Conference22nd Annual Conference of the International Group for Lean Construction
Abbreviated titleIGLC 2014
CountryNorway
CityOslo
Period25/06/1427/06/14

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  • Cite this

    De Melo, R. S. S., Kaushik, A., Koskela, L., Granja, A. D., Keraminiyage, K., & Tzortzopoulos, P. (2014). Target costing in construction: A comparative study. In 22nd Annual Conference of the International Group for Lean Construction: Understanding and Improving Project Based Production, IGLC 2014 (pp. 183-194). The International Group for Lean Construction.