Which delivery system would you choose for each of the following 5 scenarios (AND WHY), if the item listed was the main driver or characteristic of the project?    a. SPEED: A pharmaceutical company needs to get their product out to the market quick. They must complete their production facility project fast.   b. COMPLEX: This project is extremely intricate and requires installation of precise instruments and equipment and has very tight construction tolerances.   c. COST: There is no way to find more money, you must control the cost.   d. INEXPERIENCED OWNER: This owner is a group of doctors who want to build an office complex. This is their first project and possibly their last. Additionally, they’re not really sure the exact scope of the project at first.   e. EXPERIENCED, “HANDS-ON” OWNER: This owner is Walmart. They have built countless stores around the world. They have in-house engineering capability and are extremely familiar with the construction process.

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Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.