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Discuss the factors affecting on the production rate of the projects. (in details)

Discuss the factors affecting on the production rate of the projects. (in details)
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Answer #2

The production rate of project is affected by :

  • Capital influsion
  • Labor wages
  • Total availability of labor
  • Land area
  • Labor productivity
  • Budget constraints
  • Licensing and compliance

For example production of steel is affected by overall wages paid to labor and how much supply of labour is available. Moreover its based on compliance process and paperwork needed tobstart project, overall administration and overhead costs, capital infused.

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