| Roundup Index | Vol 19, No 1 |
Cost engineering for projects (in a worldwide economy)Dr Kenneth K Humphreys Dr Humphreys received the 2006 Tony Jarvis Award for this paper which was published in Project Control Professional, vol 44, no 1, February 2006, ACostE. It is based in part upon a paper which was coauthored by Charles P. Woodward (1998 Rotterdam Congress) and a paper he authored in 1996 (Guadalajara Congress).AbstractWe can no longer consider anything we do on projects as a purely national thing which is constrained by the borders of our own country and by a single currency. Everything we do must be considered in light of international economics. Project managers must know cost engineering principles and understand the consequences of bad cost management decisions. This paper will discuss the economic factors which project managers should consider when making project decisions so that their companies may obtain maximum benefit from international project activity. |