Up to the Seventies or the Eighties of the last century, Total Cost Management was known and embraced only in large international engineering and construction companies, especially in those industrial sectors (petroleum, petrochemical and energy) where the market conditions obliged it’s application; it should be pointed out that, some Italian societies had already developed  advanced global scheduling and controlling systems in the 1970’s.

Nowadays, living and working in a multinational, competitive context, the use of Total Cost Management and its methodology is becoming more and more a fundamental reference point and a key factor of success of many firms operating in different business sectors (construction, manufacturing, services and public administration).

 

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