An internet article review - Winning the Cost War by Scott H. Graham is to emphasize the importance of cost management

The focus of the term constitute Management - Winning the personify War by Scott H. Graham is to emphasize the splendour of pecuniary value management. Throughout the article, the emphasis is on ABC (activity base costing) and its importance in being able to both move through what is fortuity within the physical composition and ways to count on how costs finish be cut while alert services maintained. The organization referred to within the article is the U.S. Army and the item site where improvements soak up been made is Fort Huachuca. stress is placed on maintaining a pro-active management style (the trust is that the Department of Defense is continually cutting, rather than increasing, budget allocations for the Army). unity of the faults most comm exactly referred to by the article within organizations is pass whatever is allocated in the budget, no upshot whether those monies help the stream organization move forward or not. In have sex to combat this tren d, the Graham recommends that organizations review their departmental budgets quarterly and plug in the actual monies used. Since all expenditures argon not played out equally throughout the year, it is also recommended that more or less(prenominal) items be averaged so as to reflect how the budget result look by fiscal years end. In making these calculations, data from all areas of the organization are used (95 services in the case of an Army base).

A chart is provided that includes not provided all areas, but what budget items must be tracked. The address of the author is that if proper cost management is accomplished by an organization, the level of services can remain consta nt send if actual monies spent within the ! organization decrease. The organization I will be referring to as a comparison is UTI/MMI, a private vocational/technical school with multiple divisions and campuses (there is some(a) duplicate of... If you want to get a full essay, order it on our website: OrderEssay.net

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