Target costing in construction : a comparative study

Sampaio, R; Kaushik, AK; Koskela, LJ; Denis Granja, A; Keraminiyage, KP; Tzortzopoulos Fazenda, P

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.

Citation

Sampaio, R., Kaushik, A., Koskela, L., Denis Granja, A., Keraminiyage, K., & Tzortzopoulos Fazenda, P. (2014, June). Target costing in construction : a comparative study. Presented at International Group of Lean Construction, Oslo, Norway

• Presentation Conference Type: Other
• Conference Name: International Group of Lean Construction
• Conference Location: Oslo, Norway
• Start Date: Jun 23, 2014
• End Date: Jun 27, 2014
• Publication Date: Jun 27, 2014
• Deposit Date: May 15, 2014
• Publicly Available Date: Feb 26, 2020
• Publisher URL: http://iglc.net/Papers/Details/1064/pdf
• Related Public URLs: http://iglc.net/
• Additional Information: Event Type : Conference; Projects : KTP - Implementation of Target Value Design in the UK Construction Industry