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What is Production?
Production:
Production is any procedure or process developed to transform a set of input tools as men, capital, materials, information and energy within a given set of output tool as finished products and services in appropriate quantity and quality, therefore achieving objectives of an enterprise. The concentrate of production is the creation of services and goods. There are four known factors of production, they are:
a. Nature: Land and some other material resources
b. Labour: Human efforts
c. Capital: Factory building, tools and machinery many more
d. Enterprise: activity which organizes some other factors of production
Q. Why do projects always seem to take longer than expected? Usually this is because it is relatively easy to assign time allowances to all the activities that have been though
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Value Engineering
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