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 language | English |
|---|---|
| Title of host publication | 22nd Annual Conference of the International Group for Lean Construction |
| Subtitle of host publication | Understanding and Improving Project Based Production, IGLC 2014 |
| Publisher | The International Group for Lean Construction |
| Pages | 183-194 |
| Number of pages | 12 |
| Publication status | Published - 2014 |
| Externally published | Yes |
| Event | 22nd Annual Conference of the International Group for Lean Construction: Understanding and Improving Project Based Production - Oslo, Norway Duration: 25 Jun 2014 → 27 Jun 2014 Conference number: 22 |
Conference
| Conference | 22nd Annual Conference of the International Group for Lean Construction |
|---|---|
| Abbreviated title | IGLC 2014 |
| Country/Territory | Norway |
| City | Oslo |
| Period | 25/06/14 → 27/06/14 |