Money and resources are the bedrock of all projects and business decisions. Everything costs something. Sometimes we have extra budget to spend, other times we do not. To develop an approximation of a project cost depends on several variables including: resources, work packages such as labor rates and mitigating or controlling influencing factors that create cost variances. Tools used in cost are, risk management, cost contingency, cost escalation, and indirect costs . But beyond this basic accounting approach to fixed and variable costs, the economic cost that must be considered includes worker skill and productivity which is calculated using various project cost estimate tools.
Time
Time is the factor od speed. When something needs to be done by. We can always make things faster by throwing more resources at the problem. But that costs. Equally we can do it for the given time at the given cost, but quality will slip.
Quality
Quality is often difficult to measure. What is “good” quality? What is poor quality? Often quality is in the eye of the beholder. The bottom like for me regarding quality is “fitness for purpose”. For example is a cheap car “quality”? If our need is to get from a to b, then a low cost car will do this. If our goal is to impress with features, then we need a much higher specification to get us from a to b. Quality could be said to be a distinctive attribute or characteristic possessed by something. If that attribute is missing, then we will tend to say that quality is lacking.
Nowadays, it is increasingly difficult to be successful for a company. Due to the developing technology and facilities, the competition environment is getting hot with each passing day. Even if businesses have the same facilities and technology, they are making difference using, developing and managing as of their intelligence. Learn More
Eren Consultancy aims to secure the grant and project management for clients by providing this service. This service includes grant application process and negotiations on behalf of the client for written and prepared projects. They would be able to save management time, gain better and larger grants, submit the application in a shorter time and succeed where they may fail as part of the grant application. Learn More
Employers must consult with their employees, or their representatives on health and safety matters. The law sets out how employees must be consulted in different situations and the different choices employers have to make. Learn More
Who we are and what we do
Perfectionism is at every level. That’s why we know it is possible to go always towards thebetter what stage it is. There is always another way to achieve to success. We do believe in people. We know people can be great. So we know how to do it. About Us
Contact Us…
Where does your business need more support? We offer a broad range of services and packages that be customised to your needs. Send us a message today, and we can start you on a path to success. Get Started Today
