This subject is the most important issue in big companies plus a giant overhead and will lead to raising the final price of products, to solve it below items can be so effective: 1- Decreasing energy consumption during manufacturing. 2-Having experienced sales team to find cash customers. 3- Cheaper suppliers can decrease the final price of products. 4- trusting and finding some companies to manufacture some of submaterials. They can be so effective. 5- Finding slow points in line and lubricate it. 6- Terminating extra personnel who received big salaries without efficiency. These were all my ideas which can cut costs and raise quality.

Optimizing Resource Allocation: Carefully assess and allocate resources based on project requirements, ensuring that labor, materials, and equipment are used effectively to minimize waste. Prioritising Preventive Maintenance: Regular maintenance of equipment and infrastructure during the project lifecycle helps prevent breakdowns and unexpected costs. Investing in preventive maintenance ensures long-term reliability, avoiding expensive repairs or replacements.

Invest in automation and advanced technologies to enhance productivity and reduce manual labor. Robotics, AI, and machine learning can optimize production lines and administrative tasks.

Use software like ETAP, PSS/E, or DIgSILENT to optimize the system design during the planning phase, ensuring efficient layouts and equipment selection. Adopt modular and standardized components to reduce customization costs. Establish strong partnerships with reliable suppliers for competitive pricing. Optimize timelines using project management tools like Primavera or MS Project to avoid delays and associated costs. Use methods like Value Engineering to identify areas where cost savings can be made without affecting functionality. Involve stakeholders in decision-making to align cost-cutting measures with project goals.

To cut costs in power engineering projects without compromising quality, focus on efficient design and planning. Opt for standardized components and modular systems to reduce customization costs. Use energy-efficient and durable materials to minimize long-term maintenance. Leverage advanced project management tools to optimize workflows and reduce delays. Invest in skilled labor to improve productivity and minimize errors. Source materials through competitive procurement processes and build strong relationships with reliable suppliers. Additionally, conduct regular audits to identify and eliminate unnecessary expenses while maintaining compliance with safety and quality standards.