Operational Cost Target
This value represents the maximum expenditure for material, labor, outsourcing, overhead, and all other costs associated with that project. This figure can then be divided between the various operations comprising the manufacturing process to control costs at each step.
Operational Cost
Sometimes referred to as Revenue or Running Costs, these are the costs resulting from day-to-day running of an operation, e.g. staff costs, hardware maintenance, and electricity.
Operations Process
Known for leveraging economies of scale and narrowly defined tasks, it is one of a family of four work processes characterized as an on-going endeavor undertaken to create a repetitive product or result which is performed by people, planned, executed and controlled. (Artisan Process, Project Process, Operations Process, Automated Process)
