SPECIAL FEATURES OF INNOVATIVE PRODUCTS COST MANAGEMENT
The views expressed herein are characteristic of enterprises undertaking model production and development work. A new strategy introduced herein concerns adaptation of traditional budgeting methods to theses characteristics by means of corrective coefficients for all the factors in the work of every department. Application of this strategy allows to considerably reduce predicted budgets variation from actual expenses.
Leonid E. Nesterov, applicant, Volga State Academy of Water Transport.