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You are a PMO manager and there is a meeting with one of your team "cost control manger" what are the areas must be discussed to save cost?

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Question added by Fredy Makram Labib , R&D manager , Universal for home appliances
Date Posted: 2014/03/04
Mohammad Tohamy Hussein Hussein
by Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

Cost generators are either man power or material and machine time & consumables.

You need to make sure that all cost generation is within the approved project plans and any deviations are either handled or require approval because of thier impact on projects' costs and/or completion times.

For porjects which are being provisionally costed, alternative approaches need to be evaluated to choose the most cost effective ones to ensure competitivness of the company's offers.

For projects which are being planned, ensure that the project cost as per the plan are within the estimated costs and any deviations must be approved by management and the customer(s).

Ahamed Shareef
by Ahamed Shareef , Divisional Head - Quality Assurance , Apollo Tyres Ltd

I agree with all of you........

Fredy Makram Labib
by Fredy Makram Labib , R&D manager , Universal for home appliances

The main areas to be discussed to reduce cost are:

1- Budeget tracking.

2-7 deadly waste (over production , over processing , over storage , over transition , defected products or services)

3- Energy saving.

4- Production or manufacturing processes saving.

5- Raw material cost control.

6- Product cost reduction (without affecting the function or the quality).

Raafat Sallam
by Raafat Sallam , Organizational Development and Training Consultant , Training Centers, Marketing Organizations.

Risks and Change Requets

Wasim Khalil Mustafa Ali PMP®
by Wasim Khalil Mustafa Ali PMP® , Consultant , Malomatia

thank you for information 

Ahmed Montasser Hasan Ibraheem Farag
by Ahmed Montasser Hasan Ibraheem Farag , Project Manager , Rawafed Tech

change request,  s curve, and risk.

Thanks for the information 

Siyanappuli Vithanage Lakshman
by Siyanappuli Vithanage Lakshman , Finance Controller , Sharif Metals Intl DMCC

I do belive that the current trend in cost savings are;

 

Use of shared services

Provisions for continues improvements

Wiiling to change

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