Excerpt from The ABC of Cost Engineering The fact that in normal pre-war times the life of the average manufacturing con cern was less than fifteen years, proves con elusively that there was, and is, something radically wrong with the business methods in common use. Such conditions warrant the plainest language on the part of the author, and his statements deserve the most thoughtful consideration and investigation on the part of the reader, particularly if he is the managing executive of a factory. Every statement proffered, no matter how exaggerated it may appear on its face. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from The ABC of Cost Engineering The author's object is to make it possible for the busy executives of American manufacturing enterprises to grasp in minimum time, at least in outline, the principles and advantages of the newest and most practicable methods of determining the cost of producing and selling the products of their factories. It is an unfortunate fact that at the present time a great majority of manufacturers, following traditional practices, are confidently leaning upon cost accounting methods which delude them into the belief that they are more successful than is actually the case. Not infrequently it is made to appear that their businesses are being profitably conducted when as a matter of fact they are losing money. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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Excerpt from Handbook of Cost Data for Contractors and Engineers: A Reference Book Giving Methods of Construction and Actual Costs of Materials and Labor on Numerous Engineering Works We also hear it argued that conditions vary so widely that grave errors occur when an attempt is made to apply published cost data. Those who have not been trained to study the conditions affecting costs are likely to make serious blunders in any case; but, if this book is in even a slight degree what it aims to be, it will be of greatest benefit to just such men; for it will indicate to them how to analyze costs and how to study methods of performing work economically. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Cost Keeping and Management Engineering: A Treatise for Engineers, Contractors and Superintendents Engaged in the Management of Engineering Construction This book is intended to assist engineers, contractors and superintendents in reducing construction costs to a minimum. To accomplish this it is necessary to understand the laws or rules of management, and to have daily reports that show the efficiency of the men and machines employed. That there are any scientific laws of management will be denied by many men of the old school, but such a denial cannot be logically maintained. If there is a science of psychology, there must be a science of management, for management is a mental process that follows certain definite laws, obscure and complex at times, but none the less definite when once they are understood. The Farady of the science of engineering management is Mr. Frederick W. Taylor, Past President of the American Society of Mechanical Engineers, for he not only perceived and applied certain of the fundamental laws of management, but, in his various papers, and particularly in his presidential address to the American Society of Mechanical Engineers, gave definite verbal form to the laws he had discovered. In a subject so complex it is impossible for any one man to discover all the laws of management. Each student of the subject will be able to add his quota, until, in the course of the next few years, the science of engineering management will become as complete as any of the other younger sciences. We have spoken of the science of management as being a branch of the science of psychology. It is, and it is more. Engineering management involves not only the directing of the human agents engaged in production but the economic application of the forces of nature through the medium of machines. Hence engineering management postulates a knowledge of the physical sciences, and particularly the science of applied mechanics. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Construction Cost Keeping and Management: A Treatise for Engineers, Contractors and Superintendents Engaged in the Management of Engineering Construction Construction Cost Keeping and Management has been pre pared in response to the request of the publishers for a second edition of Cost Keeping and Management Engineering. The old book, published in 1909 and reprinted in 1916, can hardly be said to be out of date because it confined itself to principles illustrated by a number Of practical cost keeping forms and methods but in the last twelve years some new principles of what may be justly called the Science of Management have been discovered and a great many new forms and methods have come into use. Therefore we have endeavored, in preparing the pre sent work, to supplement the original material by what has come out in the evolution of the last twelve years, rejecting very little of the Old material. This book, as was stated in the preface to Cost Keeping and Management Engineering, is intended to assist engineers, contractors and superintendents in reducing construction costs to a minimum. To accomplish this it is necessary to understand the laws or rules of management, and to have daily reports that show the efficiency of the men and machines employed. That there are any scientific laws of management will be denied by many men of the old school, but such a denial cannot be logically maintained. If there is a science of psychology, there must be a science of management, for management is a mental process that follows certain definite laws, obscure and complex at times, but none the less definite when once they are understood. Many an ordinary foreman possesses a fair working knowledge of applied mechanics, having acquired it by observation and experiment; but such a foreman would be far more efficient as a manager if he also had a grasp of the theory of the principles that he applies. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Engineering Estimates and Cost Accounts The difficulties I have endeavoured to grapple with, in both estimates and cost accounts, are such as I have met in actual practice, and such as must frequently present themselves to the staff of an engineering establishment. I cannot too strongly express my conviction that no method of estimating or costing will be satisfactory, unless the cost clerk possesses the most intimate knowledge of the business, and is sufficiently skilful and independent in practice to vary his forms of account to the difficulties which may from time to time arise. Uniformity of principle must certainly be maintained, but this does not justify pettifogging uniformity of detail. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.