scholarly journals Elements of project cost management

2018 ◽  
pp. 41-47
Author(s):  
O.V. Olifer
Keyword(s):  
Cost Management ◽  
Production Structure ◽  
Internal Environment ◽  
Classic Approach ◽  
Management Approaches ◽  
Management Functions ◽  
The Cost ◽  
The Impact ◽  
Cost Factors ◽  
Difficult Subject

The article identified and analyzed the cost factors in innovation projects on the optimization of the production structure in the forestry   enterprises. On this basis the model POV needs to consider the impact of cost and factors of the external and internal environment in which it is planned and implemented each project. In addition to these factors, the cost of the project is affected by other factors that are difficult subject to formal identification, but can affect both positively and negatively. However, to achieve project goals, it is possible only with the application of such well-known management approaches, as the classic approach, it combines such basic management functions as: planning, organization, implementation, control and guidance.

Study on the Relationships of the Construction Technology and the Cost Management Based on Enterprise Quota

2014 ◽  
Vol 543-547 ◽  
pp. 4040-4043
Author(s):  
Wen Zhang ◽  
Li Juan Zhang
Keyword(s):  
Cost Management ◽  
Value Engineering ◽  
Construction Technology ◽  
Project Cost ◽  
The Cost ◽  
The Impact

Enterprise quota is the foundation of project cost management. With the appearance of advanced construction technology, enterprise quota should be constantly updated and improved, so as to improve the level of enterprise cost management. This paper studies the impact of construction technology on cost management based on enterprise quota,and then demonstrated by the Value Engineering. From that, we know the advanced construction technology can help enterprise save the cost and improve the economical benefits.

scholarly journals Consideration of quality change of railway transport maintenance operations in managing costs of goods transport

2018 ◽  
Vol 239 ◽  
pp. 03005
Author(s):  
Lidia Shkurina ◽  
Eugenia Maskaeva ◽  
Stanislav Maskaev
Keyword(s):  
Cost Management ◽  
Rolling Stock ◽  
Market Demand ◽  
Railway Transport ◽  
Quality Change ◽  
The Cost ◽  
The Impact ◽  
Financial Result ◽  
Freight Market

the authors reviewed the quality of operational work of railway transport in the cost management system, presented methods for assessing the impact of the quality of rolling stock on the current costs of transportation activities, considered the issues of the impact of the quality of operational work on the formation of freight market demand and of financial result of the transport company - the owner of infrastructure and traction rolling stock, represented methods of assessing financial and economic efficiency of improving the quality of operational work for the company - a participant of the freight market.

scholarly journals The cost management approaches in trade industry

2019 ◽  
Vol 3 (3) ◽  
pp. 35-43
Author(s):  
Iryna Kvach
Keyword(s):  
Positive Impact ◽  
Cost Management ◽  
Unit Cost ◽  
Economic Value ◽  
Value Added ◽  
Added Value ◽  
Activity Based Costing ◽  
The People ◽  
Management Approaches ◽  
The Impact

Introduction. The current state of financial and economic government institutions negatively affects  Ukrainian budget execution, and the general trend of deterioration in the standard of living of the people, in general leads to low level of functioning of the enterprise and  their competitiveness, especially in such industry as trade. Aims and tasks. In the conditions of an unstable political and economic situation in commodity market and services to overcome disproportions between operating profit  of some commodity groups of trade enterprise and its added value which indicates depreciation of the capital  invested by owners not only doesn't provide compensation of investments, but also leads to losses because of inflationary processes therefore there is a need for the mutual integration of approaches of management of expenses for assessment. Results. The practical value of application of a method of Activity-based costing (ABC) and Economic Value Added (EVA) in management of expenses not only in creation of a system of accounting of expenses, but also and predictions through new approaches for the analysis for identification of unproductive fields of activity in value creation of a product is proved, including positively influences the growth of business activity for trade enterprises. In the field of innovative approaches the balanced system of indexes (BSI) and EVA methods harmoniously are integrated in processes of costs planning, management of them at the level of departments and in general are distributed among operation processes to responsible persons, which has a positive impact on maximizing capital cost of the enterprise. Conclusions. Application of methods of cost management as uniform system provides chance to distribute expenses on commodity groups and to define  goods which create added value gives the chance to settle the impact of minimum change of influence of a factor  on commodity turnover level due to decrease of unit  cost in life cycle of a product through the analysis of a point of profitability for increase in investment attractiveness.

The Span Mitigation Analysis With Use of Advanced FEA Modeling Techniques

2011 ◽  
Author(s):  
James Wang ◽  
Ranil Banneyake ◽  
Shawn Huang ◽  
Paul Jukes ◽  
Ayman Eltaher
Keyword(s):  
Element Analysis ◽  
Upheaval Buckling ◽  
Fea Modeling ◽  
Significant Damage ◽  
Static And Dynamic Loads ◽  
The Cost ◽  
Mitigation Methods ◽  
And Control ◽  
The Impact ◽  
Cost Factors

Spans occur when a pipeline is laid on a rough undulating seabed or when upheaval buckling occurs due to constrained thermal expansion. This not only results in static and dynamic loads on the flowline at the span section, but also generates vortex induce vibration (VIV) which can lead a fatigue issue. The phenomenon, if not predicted and control properly, will result in significant damage to the pipeline integrity, leading to expensive remediation and intervention works. There are various span mitigation methods in use for both over stressing and fatigue concerns. The mitigation methods, if not analyzed properly, may result in much unnecessary work or generate more problems or concerns in the future. The mitigation analysis can become very challenging due to many restrictions in the field such as the minimum and maximum heights or lift of mechanical supports or grout bags, and bearing capacity vs. cost of supports. The cost of different mitigation methods and their interactions are the other considerations along with the installation tolerances, challenges associated with the water depth and uncertainties in seabed properties. This paper describes the latest developments in use of finite element analysis to investigate associate mitigation solutions given the governing practical limitations and cost factors. The ULS and fatigue lift criteria are used as the guidelines. The methods presented within this paper are applicable for various span conditions. Conclusions are then drawn to the impact of these various scenarios so that the pipeline integrity can be assured with confidence.

MANAGEMENT APPROACH TO ACCOUNTING AND ANALYSIS OF PERSONNEL COSTS IN THE ORGANIZATION

2017 ◽  
Vol 6 (3) ◽  
pp. 70-76 ◽  
Author(s):  
Маличенко ◽  
I. Malichenko
Keyword(s):  
Statistical Approach ◽  
Cost Management ◽  
Management Approach ◽  
Personnel Costs ◽  
Goods And Services ◽  
Material Resources ◽  
Managerial Decisions ◽  
Management Approaches ◽  
The Cost

According to the accounting and management accounting, personnel costs are the second largest in terms of volume after material resources in the cost of goods and services. In this connection, the analysis of personnel costs and the adoption of well-founded managerial decisions for effective planning and development remain the priority for companies. The presence of only an accounting (statistical) approach to cost management does not allow you to determine the entire set of hidden costs associated with personnel management. The article compares the accounting and management approaches to the accounting and analysis of personnel costs, provides a management classification of costs for targeted and functional purposes, on the basis of which general and private HR-budgets are formed, followed by an assessment of the effectiveness of using planned costs. The lack of an administrative approach to the accounting of personnel costs in the organization leads to their substantial underestimation, to their impersonal consideration in the composition of the organization’s total expenses, which ultimately reduces the profit indicators and deforms the strategic attitudes of the organization

scholarly journals Management of enterprise development based on adaptive value model in digital conditions

2020 ◽  
Vol 164 ◽  
pp. 10024
Author(s):  
Oksana Pirogova ◽  
Vladimir Plotnikov
Keyword(s):  
Life Cycle ◽  
Institutional Environment ◽  
Cost Management ◽  
Development Indicators ◽  
Enterprise Life Cycle ◽  
Basic Model ◽  
Dynamic Coordination ◽  
The Cost ◽  
Value Model ◽  
The Impact

Based on the analysis of the features of changes in the institutional environment, the article analyzes the impact of digitalization on the conditions for the functioning and development of enterprises. The introduction of information technology has an impact on all spheres of activity of enterprises, and also leads to the transformation of relations between the consumer and the supplier of goods or services. The basic concepts of cost management of enterprises are analyzed, the problems of implementing the principles of cost management at domestic enterprises are considered. The analysis of the problems of the cost management introduction at the stages of the life cycle of the enterprise is done. It is proposed to consider the problems of cost management on the basis of a basic generalized model of the enterprise life cycle. It is shown that at various stages of the life cycle, the basic model of dynamic consistency of development indicators can undergo changes. Based on the dynamics of the cash flow and income of the enterprise, depending on the stage of the life cycle, modifications of the basic model of dynamic coordination of enterprises are proposed. The structure of the models, depending on the stage of the life cycle, is determined by the change in target settings in the enterprise. The proposed models can be used to assess the correct implementation of management decisions based on indicators and criteria for the value of the enterprise.

scholarly journals ACCOUNTING AND ANALYTICAL ASPECTS OF COST MANAGEMENT IN AGRICULTURAL ENTERPRISES

2021 ◽  
pp. 29-39
Author(s):  
Ivan Svynous ◽  
Olesya Havryk ◽  
Tetyana Matula
Keyword(s):  
Cost Management ◽  
Cost Accounting ◽  
International Standards ◽  
Production Costs ◽  
Inductive Method ◽  
Accounting System ◽  
Theoretical Understanding ◽  
General Process ◽  
The Cost ◽  
The Impact

Introduction. The issues of management of production costs of the enterprise have become important for domestic businesses after the transition of the economy to market principles of doing business. In the command-administrative system of management, pricing was the prerogative of state authorities, ministries and departments and was based on the implementation of a cost approach, which involves the inclusion in the cost of products of the full cost of its production and sale. Methods. During the research general and special methods of research of processes and phenomena in their interrelation and development were used, namely: monographic (at formulation of the purpose, tasks, subject and object of research); method of comparative analysis (in the study of the concepts of strategic cost management). At the stage of observation of business transactions, collection, measurement, design, registration, systematization and processing of information for research, the inductive method was used, and the deductive method was used in the process of theoretical understanding of the problem. Results. We believe that the main characteristics of the cost management system of an agricultural enterprise should be: phased implementation of the process; inclusion in the general process of enterprise management; establishing the impact of the external environment of the business entity; determining the characteristics of the internal environment; availability of feedback. Discussion. At the stage of reforming the domestic accounting system, the issue of terminology should be given special importance. It is advisable to use in regulations the definition of costs and expenses, limiting the scope of these categories and providing the possibility of their unambiguous qualification by enterprises that prepare reports for interested users, both external and internal. Prospects for the application of IFRS in Ukraine in terms of cost accounting require understanding of the basic ideas and meaning of international standards and research, the results of which will approximate, and further bring the guidelines and rules of cost accounting in Ukraine in accordance with international financial reporting standards. Keywords: production, management, costs, expenses, accounting, prime cost.

Organization of Analytical Support for Cost Management During the Audit of Business Continuity

Auditor ◽  
2020 ◽  
Vol 6 (6) ◽  
pp. 10-16
Author(s):  
A. Vekshina
Keyword(s):  
Cost Management ◽  
Legal Regulation ◽  
Business Continuity ◽  
Going Concern ◽  
Operational Characteristics ◽  
Regulation Development ◽  
Analytical Procedures ◽  
The Cost ◽  
The Impact ◽  
Near Future

Th e article is devoted to the formation of analytical support for cost management in order to identify operational signs indicating a possible violation of the going concern assumption. Th e importance of the legal regulation development of the going concern audit is emphasized. An algorithm for evaluating the impact of cost on the appropriateness of applying the going concern assumption is developed and a set of analytical procedures for identifying operational characteristics is proposed. Based on the results, criteria are formulated that allow us to determine the impact of the cost amount on the company’s ability to continue operating in the near future.

Study on Cost Accounting of Special Steel Enterprises Based on Multi-Factor Resource Allocation Model

2013 ◽  
Vol 437 ◽  
pp. 932-935
Author(s):  
Ya Jun Wang ◽  
De Quan Wang ◽  
Jia Liang Li
Keyword(s):  
Information Integration ◽  
Cost Management ◽  
Machining Parameters ◽  
Activity Based Costing ◽  
Resource Model ◽  
Allocation Model ◽  
Special Steel ◽  
Effective Cost ◽  
The Cost ◽  
Cost Factors

To deal with the problems of data inaccuracy and incorrect fee allocation, an activity based costing model for the special steel enterprises based upon multi-factor resource model was proposed. The model was built to combine the cost factors of consumption, operation, and cost drivers with resource, process and machining parameters and to realize the information integration of finance, production and inventory, which improve the accuracy, consistency and integrality of the product effective cost. Finally, the cost management system framework based on the model was realized and the application is illustrated by an example.

scholarly journals NUMERICAL STUDY OF OPTIMAL BUFFER SIZE AND VACATION LENGTH IN M/G/1/K QUEUES WITH MULTIPLE VACATIONS

2020 ◽  
Vol 6 (2) ◽  
pp. 1-13
Author(s):  
Kilhwan Kim
Keyword(s):  
Numerical Study ◽  
Operating Cost ◽  
Buffer Size ◽  
Multiple Vacations ◽  
System Parameters ◽  
Vacation Time ◽  
Holding Cost ◽  
The Cost ◽  
The Impact ◽  
Cost Factors

Nowadays, due to the advent of clouding computing, buffer size can be readily extended in a couple of minutes for computing servers, where the buffer size should not be considered as given when optimizing the system performance. In this context, we explore optimal combinations for the buffer size and the length of vacation time in M/G/1/K queues with multiple vacations numerically. We consider the cases of deterministic and exponentially distributed vacation and service times. In order to do this, we also formulate an optimal problem and define cost factors: the customer loss cost, the buffer holding cost, and the server operating cost. We present some numerical examples to investigate the impact of the system parameters such as the buffer size, the length of the vacation time, and the distribution of the service time, to performance measures and the total cost. We also investigate optimal combinations for the buffer size and the vacation length for various values of the cost factors.

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