The Cost Growth Phenomenon

Article Abstract:

An analysis of the causes of cost growth is presented. Activities designed to reduce cost growth proportions are suggested. The three major causes of cost growth are planning difficulties, risk elements and management inefficiencies. Planning difficulties may include incomplete work definition, interface incompatibilities, poor estimation of needs and uncertainties and optimistic assumptions. Risk elements include unforeseen conditions or technical problems, regulatory or funding delays, uncontrollable forces and unanticipated economic conditions. Management problems include subcontracting, project control and disorganized or unnecessary work. Cost growth proportions could be reduced with realistic estimating practices, suitable contracting methods and careful project definition.

Growth, Cost (Economics), Costs (Economics)

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Management by Objectives in Procurement

Article Abstract:

An evaluation of the effectiveness of procurement office management in both industry and government is presented. A personnel survey is utilized. A review of management by objectives is included. A management system evaluation technique, Management System Balance Sheet, was distributed to personnel. This is a combination of the management questionnaire and balance sheet format. Management concerns may be identified as assets or liabilities. There are nine categories in the system. These are goals, planning, planning success, morale, performance appraisal system, performance reward system, freedom, communication and job satisfaction. Government contract personnel are compared to industry contract personnel.

Methods, Measurement, Management by objectives

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