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| Article Name : | | | SUSTAINABLE COST MANAGEMENT THROUGH BEST PRACTICES IN COAL MINING PROJECTS: NEED OF THE ERA | | Author Name : | | | Rajesh kumar Shukla , Sanjay Kumar Singh | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ROR-1354 | | Article : | |  | Author Profile | | Abstract : | | | Mining operations represent an economic activity with plenty of decision problems involving risk and uncertainty. As resources in such a sector are finite, mining project managers frequently face important decisions regarding the best allocation of scarce resources among mining ventures that are characterized by substantial financial risk and uncertainty. To manage the risks associated with delivery of major projects, resource companies need to ensure they use a standardized approach to management of their project development to satisfy project objectives and enable more efficient use of the increasingly limited available resources. Each discrete step in advancing the project from scoping study to operations needs to be integrated, reducing the amount of rework and duplication. | | Keywords : | | - project management systems,project management systems
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