BUSINESS INFORM №9-2017

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Section: Economics of Construction
UDC 69.003: 330.322.54
Iakymchuk I. M.
Planning Costs in Certain Stage of the Life Cycle of Investment Activity of Construction Organization (p. 154 - 158)
The article discusses the issues related to planning costs in certain stages of the life-cycle of investment activity of construction organization. It has been specified that cost management based on the life-cycle model of the investment project, which is being implemented by a construction organization, allows for a consistent improvement in the efficiency of the innovation process on the basis of a clear planning, as well as cost forecasting. This approach allows for the long-term effectiveness of innovation project by providing cost-management services at all stages of investment project, identifying opportunities for reducing them, thereby contributing to sustainable development of construction organization over time. It has been concluded that the more specific the program of activities of construction organization, the more accurate the process of identification of costs becomes, the more efficient is the management of costs, targeted at saving resources, reducing the self cost of construction works.
Keywords: construction organization, costs, life cycle, management, reduction.
Fig.: 3. Bibl.: 12.

Iakymchuk Iryna M. – Candidate of Sciences (Economics), Associate Professor, Department of Management and Construction, Kyiv National University of Construction and Architecture (31 Povitrianykh Syl Ave., Kyiv, 03680, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Iakymchuk, Iryna M. (2017) “Planning Costs in Certain Stage of the Life Cycle of Investment Activity of Construction Organization.” Business Inform 9:154–158.

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