Business, Management and Accounting
8 years ago

New cost estimation method for engineering projects in Nigeria revolutionizes industry.

International journal of marketing and technology
Life cycle costing of engineering projects in Nigeria
C.N. Ezugwu

Paper Summary

The article discusses using a method called life cycle costing to estimate the total cost of engineering projects in Nigeria. This method looks at all stages of a project's life to calculate the overall cost, not just the initial expenses. The study suggests that using life cycle costing can lead to more accurate project cost estimates and better results. It also mentions some limitations of this technique but highlights the benefits of using it for evaluating projects.

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