On new project what is most important cost saving or cost effectiveness?

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Fredy Makram Labib
03-March-2014

On new project two type of cost saving one is to save expenses and other cost is cost effectiveness

Cost Accounting

Question added by muhammad abubakar Siddique , Accounts Supervisor , Bader Saleh Auditing
Date Posted: 2015/12/13

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3 Answers

by Mohammed Gulam Rasool Mathole , Car Park Manager , Secure Parking Solutions Pvt Ltd

Project scheduling is just as important as cost budgeting as it determines the timeline, resources needed, and reality of the delivery of the project. Project managers that have experience are better able to properly dictate the tasks, effort and money required to complete a project

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by Abiodun Joda , office manager , Tola Joda Innovations

Proper feasibility and planning.

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by فخرالدين ابراهيم السيد ابراهيم ibrahim , محاسب , شركة ندى للملابس الجاهزه

In our current age of accountability, public and private sector funders are increasingly concerned with the relative costs and benefits of the programs they fund. Benefit-cost (or cost-benefit) and cost-effectiveness analyses can be useful quantitative tools to help address these concerns. However, they differ in their purposes, and each has strengths and limitations. cost effectiveness

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