Upload
claribel-warren
View
219
Download
0
Tags:
Embed Size (px)
Citation preview
• Cost Management
https://store.theartofservice.com/the-cost-management-toolkit.html
Business model Further reading
1 Sustaining Digital Resources: An on-the-ground view of projects today,
Ithaka, November 2009. Overview of the models being deployed and
analysis on the effects of income generation and cost management.
https://store.theartofservice.com/the-cost-management-toolkit.html
Project management History
1 AACE continued its pioneering work and in 2006 released the first
integrated process for portfolio, program and project management
(Total Cost Management Framework).
https://store.theartofservice.com/the-cost-management-toolkit.html
Enterprise resource planning Functional areas
1 Budgeting, costing, cost management, activity
based costing
https://store.theartofservice.com/the-cost-management-toolkit.html
Management accounting Resource consumption accounting (RCA)
1 Resource consumption accounting (RCA) is formally defined as a dynamic, fully
integrated, principle-based, and comprehensive management accounting approach that provides managers with
decision support information for enterprise optimization. RCA emerged as a management
accounting approach around 2000 and was subsequently developed at CAM-I the
Consortium for Advanced Manufacturing–International, in a Cost Management Section
RCA interest group in December 2001.
https://store.theartofservice.com/the-cost-management-toolkit.html
Management accounting Resources and continuous learning
1 There are also numerous journals, on-line articles and blogs available. The
journal Cost Management (ISSN 1092-8057) and the Institute of Management Accounting (IMA) site are sources which
includes Management Accounting Quarterly and Strategic Finance
publications. Indeed, management accounting is needed in an
organization.https://store.theartofservice.com/the-cost-management-toolkit.html
AACE International
1 AACE is the publisher of Cost Engineering, a monthly technical
journal, Skills and Knowledge of Cost Engineering (currently in its fifth
edition), AACE Certification Study Guide (currently in its third edition), 14
different AACE International Professional Practice Guides, and its most comprehensive publication, the
Total Cost Management (TCM) Framework.
https://store.theartofservice.com/the-cost-management-toolkit.html
AACE International - Certification programs
1 A Certified Cost Consultant (CCC) / Certified Cost Engineer (CCE) has met
specific education and experience requirements, has passed the technical paper submittal, has agreed to adhere to a canon of ethics, and has passed an
examination designed to objectively assess and measure cost management
and cost engineering knowledge. A CCC/CCE must also satisfy continuing certification requirements or lose the
certification.
https://store.theartofservice.com/the-cost-management-toolkit.html
AACE International - Certification programs
1 A Certified Cost Technician (CCT) (formerly known as ICC - Interim Cost
Consultant) has met specific education and experience requirements, has
agreed to adhere to a canon of ethics, and has passed an examination
designed to objectively assess and measure basic cost management and cost engineering knowledge. The CCT
certification is an entry-level certification and is not eligible for renewal.
https://store.theartofservice.com/the-cost-management-toolkit.html
AACE International - Certification programs
1 A Certified Estimating Professional (CEP) has met specific education and experience requirements, has agreed
to adhere to a canon of ethics, and has passed an examination designed
to objectively assess and measure estimating and cost management
knowledge. Additionally, a CEP must satisfy continuing certification
requirements or lose the certification.
https://store.theartofservice.com/the-cost-management-toolkit.html
AACE International - Certification programs
1 An Earned Value Professional (EVP) has met specific education and experience requirements, has agreed to adhere to a canon of ethics, and has passed an examination designed to objectively
assess and measure cost management and earned value management
knowledge. Additionally, an EVP must satisfy continuing certification
requirements or lose the certification.
https://store.theartofservice.com/the-cost-management-toolkit.html
AACE International - Certification programs
1 A Planning & Scheduling Professional (PSP) has met specific education and
experience requirements, has agreed to adhere to a canon of ethics, and has passed an examination designed to objectively assess and measure cost
management, planning and scheduling knowledge. Additionally, a PSP must
satisfy continuing certification requirements or lose the certification.
https://store.theartofservice.com/the-cost-management-toolkit.html
Software quality - Motivation
1 Cost Management: As in any other fields of engineering, an application with good structural software quality costs less to maintain and is easier to understand and change in response
to pressing business needs
https://store.theartofservice.com/the-cost-management-toolkit.html
Spend management - Spend management in context
1 Spend Management is a subset of Total Cost Management, which takes
into consideration financial management aspects such as
tax/VAT, exchange rates, the impact of demand (i.e. sales),
manufacturing, and other factors.
https://store.theartofservice.com/the-cost-management-toolkit.html
Spend management - Spend management in context
1 When considered from a holistic viewpoint, Spend Management can start to feed into supply management, as it
also affects how assets (capital and otherwise) and inventory are procured
and managed. Spend Management (and in a bigger view Total Cost Management) starts to inform a company of Total Cost
of Ownership, and is often used to understand the total cost of items such
as assets (from their acquisition, to their use and depreciation, and finally to the
assets' retirement).https://store.theartofservice.com/the-cost-management-toolkit.html
Spend management - Spend management in context
1 In the end, however, Spend Management is about creating long-term and sustainable savings. True
Spend Management (and by extension Total Cost Management) is
considered by many to be an ongoing cyclical process.
https://store.theartofservice.com/the-cost-management-toolkit.html
Work breakdown structure - History
1 L., [ http://handle.dtic.mil/100.2/AD603425 Study of Methods for Evaluation of the
PERT/Cost Management System], MITRE Corporation, June 1964 In 1968, the DoD issued Work Breakdown Structures for
Defense Materiel Items (MIL-STD-881), a military standard requiring the use of work breakdown structures across the DoD.MIL-STD-881, 1 November 1968
https://store.theartofservice.com/the-cost-management-toolkit.html
Suntech - Installations
1 In 2010, Suntech topped the solar panel shipment with 1.49GW shipment volume, according to [ http://www.pvinsights.com PVinsights]. Suntech targets to ship over 2GW in 2011; however, free price fall for
solar components in 2011 made this more difficult to achieve. During the
downturn of solar panel price, Chinese companies showed their ability to
compete in cost management.
https://store.theartofservice.com/the-cost-management-toolkit.html
Decentralization - Goals
1 Mowen, Liming Guan, Cost Management: Accounting Control,
Cengage Learning, 2009, [ http://books.google.com/books?
id=10eIDgRH3EgCpg=PA338dq=reason+for+
+decentralizationhl=ensa=Xei=pRgbUb7nOJOC9gSbmYCABgved=0CDAQ6AEw
AA#v=onepageq=reason%20for%20%20decentralizationf=false p
https://store.theartofservice.com/the-cost-management-toolkit.html
Construction management - Skills Needed for Construction Management
1 A construction manager should have the ability to handle public safety,
time management, cost management, quality
management,decision making, mathematics, working drawings,and
human resources.
https://store.theartofservice.com/the-cost-management-toolkit.html
Construction management - Functions
1 The Construction Management Association of America (CMAA)|Construction
Management Association of America (a US construction management certification and
advocacy body) says the 120 most common responsibilities of a Construction
Manager fall into the following 7 categories: Project Management Planning,
Cost Management, Time Management, Quality Management, Contract
Administration, Safety Management, and CM Professional Practice
https://store.theartofservice.com/the-cost-management-toolkit.html
Construction management - Agency CM
1 Construction cost management is a fee-based service in which the construction manager (CM) is
responsible exclusively to the owner, acting in the owner's interests at every stage of the project. The
construction manager offers impartial advice on matters such as:
https://store.theartofservice.com/the-cost-management-toolkit.html
Workplace wellness - Rationale
1 According to Healthy Workforce 2010 and Beyond, a joint effort of the US Partnership for Prevention and the
US Chamber of Commerce, organizations need to view employee health in terms of productivity rather
than as an exercise in health care cost management
https://store.theartofservice.com/the-cost-management-toolkit.html
Building Information Modeling - BIM throughout the project life-cycle
1 Use of BIM goes beyond the planning and design phase of the project,
extending throughout the building life cycle, supporting processes
including cost management, construction management, project
management and facilities management|facility operation.
https://store.theartofservice.com/the-cost-management-toolkit.html
ERP software - Functional areas
1 * Management accounting: Budgeting, costing, cost management, activity based
costing
https://store.theartofservice.com/the-cost-management-toolkit.html
Glossary of project management - P
1 *'Project Cost Management' A method of managing a project in
real-time from the estimating stage to project control; through the use of
technology cost, schedule and productivity is monitored.
https://store.theartofservice.com/the-cost-management-toolkit.html
Balanced Scorecard - History
1 1992 Kaplan and Norton's article wasn't the only paper on the topic published in early 1992Maisel, L.S.,
Performance measurement: the Balanced Scorecard approach,
Journal of Cost Management, Vol
https://store.theartofservice.com/the-cost-management-toolkit.html
Cost Engineering
1 'Cost engineering' [is] the engineering practice devoted to the project cost
management, involving such activities as cost- and control- estimating, which is cost control and cost forecasting, investment
appraisal, and risk analysis.Provoc - Glossary of Common Project Control Terms, The Association of Cost Engineers (ACostE),
http://www.acoste.org.uk Cost Engineers budget, plan and monitor investment
projectshttps://store.theartofservice.com/the-cost-management-toolkit.html
Cost Engineering - Overview
1 are collectively called cost engineering; while the “process”
through which these practices are applied is called total cost
management or TCM.John K
https://store.theartofservice.com/the-cost-management-toolkit.html
Cost Engineering - History
1 In 2006, AACE published the Total Cost Management (TCM) Framework which outlines an integrated process for applying the skills and knowledge of cost engineering (see References). This has also been called the world's first process for portfolio, program
and project management.
https://store.theartofservice.com/the-cost-management-toolkit.html
List of project management topics - Project management procedures
1 *Project Cost Management A method of managing a project in real-time
from the estimating stage to project control; through the use of
technology cost, schedule and productivity is monitored.
https://store.theartofservice.com/the-cost-management-toolkit.html
Unit4 - International products
1 It comprises a number of core modules, which include: accounting software|
Financials, Strategic planning software|Planning Budgeting, Human resource
management system|Human Resources Payroll, Project cost management|
Project Costing Billing, Procurement software|Procurement, Business Process Automation, field service management|Field Service Team
Management, etchttps://store.theartofservice.com/the-cost-management-toolkit.html
Project management triangle - Cost Process Areas
1 * Cost Control – factors that create cost fluctuation and variance can be
influenced and controlled using various cost management tools.
https://store.theartofservice.com/the-cost-management-toolkit.html
RCA open-source application
1 ROSA uses resource consumption accounting (RCA) which is internationally
recognized as the most robust form of cost management measurement for providing
marginal cost analytics.International Federation of Accountants (IFAC) [
http://web.ifac.org/publications/professional-accountants-in-business-committee/information-papers-1#evaluating-the-
costing-jour|costing assessment of Resource Consumption Accounting]
https://store.theartofservice.com/the-cost-management-toolkit.html
Quick Response Manufacturing - Lead time as a management strategy
1 Traditionally, U.S. manufacturing firms have focused on scale and cost management strategies based on the division of labor practices formalized
by Frederick Winslow Taylor and pioneered by Henry Ford.
https://store.theartofservice.com/the-cost-management-toolkit.html
Activity-based costing - Historical development
1 Cooper and Kaplan described ABC as an approach to solve the problems of
traditional cost management|cost management systems
https://store.theartofservice.com/the-cost-management-toolkit.html
Institute of Management Accountants - CMA (Certified Management Accountant)
1 The CMA exam has two parts. Part 1 covers Financial Planning, Performance and
Control. It includes: Planning, budgeting, forecasting, performance management, cost management, internal controls and
professional ethics. Part 2 cover Financial Decision Making and includes financial statement analysis, corporate finance, decision analysis and risk management
and investment decisions.
https://store.theartofservice.com/the-cost-management-toolkit.html
Royal Institution of Chartered Surveyors - Expertise
1 * Construction Cost Management - Quantity
surveyor|Quantity Surveying
https://store.theartofservice.com/the-cost-management-toolkit.html
Management Accounting Principles - Historical Timeline ― Establishing Management Accounting Principles
1 [ http://ria.thomsonreuters.com/eStore
/detail.aspx?ID=ZMCMPproductInfo=DetailsSITE=
Cost Management Journal]'
https://store.theartofservice.com/the-cost-management-toolkit.html
Management Accounting Principles - Truth as the Foundation in Management Accounting Principles
1 In this regard, the foundation of MAP is grounded in the laws of logic and structured reasoning outlined
and discussed at length in the Management Accounting Philosophy series published in Cost Management
https://store.theartofservice.com/the-cost-management-toolkit.html
AACE - Certification programs
1 * A Certified Cost Professional (CCP) (formerly Certified Cost Consultant (CCC) / Certified Cost
Engineer (CCE)) has met specific education and experience requirements, has passed the
technical paper submittal, has agreed to adhere to a canon of ethics, and has passed
an examination designed to objectively assess and measure cost management and cost
engineering knowledge. A CCC/CCE must also satisfy continuing certification requirements or
lose the certification.
https://store.theartofservice.com/the-cost-management-toolkit.html
AACE - Certification programs
1 * A Certified Cost Technician (CCT) (formerly known as ICC - Interim Cost
Consultant) has met specific education and experience requirements, has agreed to
adhere to a canon of ethics, and has passed an examination designed to objectively
assess and measure basic cost management and cost engineering
knowledge. The CCT certification is an entry-level certification and is not eligible
for renewal.https://store.theartofservice.com/the-cost-management-toolkit.html
AACE - Certification programs
1 *A Certified Estimating Professional (CEP) has met specific education and
experience requirements, has agreed to adhere to a canon of ethics, and has passed an examination designed to
objectively assess and measure estimating and cost management
knowledge. Additionally, a CEP must satisfy continuing certification
requirements or lose the certification.
https://store.theartofservice.com/the-cost-management-toolkit.html
AACE - Certification programs
1 *An Earned Value Professional (EVP) has met specific education and experience
requirements, has agreed to adhere to a canon of ethics, and has passed an examination designed to objectively
assess and measure cost management and earned value management
knowledge. Additionally, an EVP must satisfy continuing certification
requirements or lose the certification.
https://store.theartofservice.com/the-cost-management-toolkit.html
AACE - Certification programs
1 *A Planning Scheduling Professional (PSP) has met specific education and
experience requirements, has agreed to adhere to a canon of ethics, and has passed an examination designed to objectively assess and measure cost
management, planning and scheduling knowledge. Additionally, a PSP must
satisfy continuing certification requirements or lose the certification.
https://store.theartofservice.com/the-cost-management-toolkit.html
Outline of architecture - Architectural practice
1 * Cost accounting or cost managementndash; a vital activity in connection with building, generally performed by a specialist quantity surveyor. Construction projects are notoriously subject to cost overruns, caused by changing circumstances
or by failure to fully allow for foreseeable costs during budgeting.
https://store.theartofservice.com/the-cost-management-toolkit.html
Software reliability - Motivation
1 * Cost Management: As in any other fields of engineering, an application with good structural software quality costs less to maintain and is easier to understand and change in response
to pressing business needs
https://store.theartofservice.com/the-cost-management-toolkit.html
Bill of quantities - Criticisms
1 Construction Cost Management: Learning
from Case Studies, Routledge
https://store.theartofservice.com/the-cost-management-toolkit.html
Axiomatic product development lifecycle
1 Practicing APDL may reduce development time and Project cost management|project
cost.
https://store.theartofservice.com/the-cost-management-toolkit.html
Axiomatic product development lifecycle - APDL Domains
1 SC makes it possible to perform Design structure matrix|Design
Structure Matrixes (DSM), change management, component-based cost
management and impact analysis, and provides framework for
capturing structural information and requirement traceability.
https://store.theartofservice.com/the-cost-management-toolkit.html
Project Management Body of Knowledge - Contents
1 # Project_cost_management|Project Cost Management : Project Cost
Management includes the processes involved in planning, estimating,
budgeting, financing, funding, managing, and controlling costs so that the project can be completed
within the approved budget.
https://store.theartofservice.com/the-cost-management-toolkit.html
Football League One - Financial Fair Play
1 Starting from the 2012-13 season, a Financial Fair Play arrangement has been in place in all 3 divisions of the Football
League, the intention being eventually to produce a league of financially self-
sustaining clubs. In League One, this takes the form of a Salary Cost Management
Protocol in which a maximum of 60% of a club's turnover may be spent on players'
wages, with sanctions being applied in the form of transfer embargoes.
https://store.theartofservice.com/the-cost-management-toolkit.html
Masaaki Imai
1 Japanese Cost Management
https://store.theartofservice.com/the-cost-management-toolkit.html
Robert S. Kaplan - Books and articles
1 * Implementing Activity-Based Cost Management: Moving From Analysis to Action, with Robin Cooper, Larry Maisel, Eileen Morrissey and Ronald M. Oehm. Institute of Management
Accountants, 1992.
https://store.theartofservice.com/the-cost-management-toolkit.html
Target pricing
1 'Target costing' is a pricing method used by firms. It is defined as a cost
management tool for reducing the overall cost of a product over its entire Product lifecycle (engineering)|life-cycle with the help of production, engineering, research and design. A target cost is the maximum amount of cost that can be incurred on a product and with it the firm can still earn
the required profit margin from that product at a particular selling price.
https://store.theartofservice.com/the-cost-management-toolkit.html
Target pricing - Objectives of Target Costing
1 The fundamental objective of target costing is very straightforward. It is to enable
management to manage the business to be profitable in a very competitive
marketplace. In effect, target costing is a proactive cost planning, cost management, and cost reduction practice whereby costs are planned and managed out of a product
and business early in the design and development cycle, rather than during the latter stages of product development and
production.
https://store.theartofservice.com/the-cost-management-toolkit.html
Comverse Technology - Industry recognition
1 * 2010 – Virgo Publishing's Excellence Award for Best Cost
Management Implementation (for Comverse's Business Support System
product)
https://store.theartofservice.com/the-cost-management-toolkit.html
Cost reduction - Main cost reduction strategies
1 Please click [http://visual.ly/smith-bellerby-cost-reduction-specialists
here] to see an infographic showing the process of successful cost
management between a client and the cost management company.
https://store.theartofservice.com/the-cost-management-toolkit.html
Lawrence A. Gordon
1 Gordon's research focuses on such issues as economic aspects of information security (including
cybersecurity), corporate performance measures, cost
management systems, and capital investments
https://store.theartofservice.com/the-cost-management-toolkit.html
Project management information system - Characteristics of a PMIS Software
1 A PMIS Software supports all Project management knowledge areas such as : Integration Management, Project Scope
Management, Project Time Management, Project Cost Management, Project Quality
Management, Project Human Resource Management, Project Communications
Management, Project Risk Management, Project Procurement Management, and
Project Stakeholders Management.A_Guide_to_the_Project_Manag
ement_Body_of_Knowledge#Contents|A Guide to the Project Management Body of
Knowledgehttps://store.theartofservice.com/the-cost-management-toolkit.html
Managerial accounting - Resources and continuous learning
1 There are also numerous journals, on-line articles and blogs available. The journal
Cost Management () and the [http://www.imanet.org/publications_maq
.asp Institute of Management Accounting] (IMA) site are sources which
includes Management Accounting Quarterly and Strategic Finance
publications. Indeed, management accounting is needed in an organization.
https://store.theartofservice.com/the-cost-management-toolkit.html
ITV plc - Reorganisation
1 Thanks to stringent working capital management and cost management some of the set goals were already
achieved in 2012
https://store.theartofservice.com/the-cost-management-toolkit.html
Airphil Express
1 As a codeshare of Philippine Airlines, PAL Express will be operating as a full service carrier with low-cost
management.[http://www1.philippineairlines.com/news-and-events/airphil-express-rebrands-pal-express/ Airphil
Express rebrands as PAL Express]
https://store.theartofservice.com/the-cost-management-toolkit.html
IRISL Group - Development
1 In addition, profitability of the company has been on the rise despite elimination of state subsidies as a result of adopting
a cost management, planned maintenance strategy, so that, the
company’s net loss which amounted to $15 million in 1999 has been turned
around to more than $150 million profits during the 2003–04 fiscal year. According
to the article 44(C) of the Iranian Constitution, IRISL is ready for
Privatization of the Iranian economy|privatization.
https://store.theartofservice.com/the-cost-management-toolkit.html
Morris Marina - Development
1 This is often held up as a prime example of British Leyland's poor project and cost
management.
https://store.theartofservice.com/the-cost-management-toolkit.html
By-products
1 (2012): Cost Management: Strategies for Business Decisions, International Edition,
McGraw-Hill, p
https://store.theartofservice.com/the-cost-management-toolkit.html
Confederation of Indian Industry - Centres of Excellence
1 * 'CII - AVANTHA Centre for Competitiveness for SMEs' - The Centre
works exclusively to enhance the competitiveness of MSMEs in India and
provide consultancy and trainings in areas such as Manufacturing Excellence, Energy
Efficiency, Cost Management, Total Employee Involvement, e-Learning,
Corrosion Management etc. By the ‘Cluster Approach’, the Centre enables SMEs to
learn through sharing of knowledge with other cluster companies.
https://store.theartofservice.com/the-cost-management-toolkit.html
Islamabad Capital Territory - Public Sector Universities/Degree Awarding Institutes
1 * Institute of Cost Management Accountants of Pakistan
(ICMAP)
https://store.theartofservice.com/the-cost-management-toolkit.html
For More Information, Visit:
• https://store.theartofservice.com/the-cost-management-toolkit.html
The Art of Servicehttps://store.theartofservice.com