TY  - CONF
TI  - Determining Expected Cost in the Target Costing Process
C1  - Manchester, UK
C3  - 16th Annual Conference of the International Group for Lean Construction
SP  - 589
EP  - 600
PY  - 2008
AU  - Pennanen, Ari
AU  - Ballard, Glenn
AD  - Adjunct Professor (Tampere University of Technology). Partner of Haahtela Project Management Group, Finland. ari.pennanen@haahtela.fi. www.haahtela.fi
AD  - Associate Adjunct Professor and Director, Project Production Systems Laboratory, University of California, Berkeley; Director, Lean Construction Institute. ballard@ce.berkeley.edu
ED  - Tzortzopoulos, Patricia 
ED  - Kagioglou, Mike 
AB  - Previous IGLC papers have presented a target costing methodology that begins with reconciliation of the client’s allowable cost and the expected cost of the product they want to accomplish their purposes. This methodology has been derived from publications describing how target costing is used in product development. This paper evaluates the extent to which target costing applied to construction matches up with the target costing methodology from product development and also presents a building information model to define expected cost. The information model uses customer requirements for the spaces and site conditions as initial information and develops the life cycle costs of the spaces. It models building components in relation to customer requirements and prices them with market data, consistent with product development practice.
KW  - cost modeling
KW  - expected cost
KW  - knowledge management
KW  - project management
KW  - target costing
PB  - 
T2  - 16th Annual Conference of the International Group for Lean Construction
DA  - 2008/07/16
CY  - Manchester, UK
L1  - http://iglc.net/Papers/Details/601/pdf
L2  - http://iglc.net/Papers/Details/601
N1  - Export Date: 23 April 2024
DB  - IGLC.net
DP  - IGLC
LA  - English
ER  -