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Create a cost module/framework to cost the services of a private or public company. The module should clearly show the breakdown of all elements of
Create a cost module/framework to cost the services of a private or public company. The module should clearly show the breakdown of all elements of cost incurred within a project. Groups are required to formulate a formula-based framework which may be extrapolated across all projects carried out of the company
Which required the following:
- Introduction of the company selected
- Type of organization/industry
- Products and service manufactured
- Type of organization structure (ie, Sole Trade, Partnership or Company)
- Definition of the costs incurred in carrying out day to dayrunning of the business
- Impact of the type of cost incurred on the organization's viability
- Formulation of costing framework for the organization
- Importance of cost behaviour on the organization
- Conclusion.
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