Page Title: Cost Management: Why do companies engage in across-the-board demands for cost-cutting rather than using a strategic cost management approach? –

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Page Text: by itil Cost Management: Why do companies engage in across-the-board demands for cost-cutting rather than using a strategic cost management approach? Save time, empower your teams and effectively upgrade your processes with access to this practical Cost Management Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Cost Management related project. Download the Toolkit and in Three Steps you will be guided from idea to implementation results. The Toolkit contains the following practical and powerful enablers with new and updated Cost Management specific requirements: STEP 1: Get your bearings Start with… The latest quick edition of the Cost Management Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders. Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the… Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation Then find your goals… STEP 2: Set concrete goals, tasks, dates and numbers you can track Featuring 633 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Cost Management improvements can be made. Examples; 10 of the 633 standard requirements: To support the revolving fund function, does the core financial system provide the capability to use cost management in revolving funds, including working capital programs? Determine if the Delegations of Authority contains sufficient direction to provide clear structure protection guidance to the IMT. Were all protection agencies identified? What should a project manager do if, in the middle of a large 2-year project, a new technology is released that would improve the quality of the final deliverable? Evaluation of any change should include an impact analysis. How will the change affect the scope, time, cost, and quality of the goods or services being provided? Is it sufficient to do cost analysis at the level of project activities or do decision-makers questions point to cost analysis at the level of programme outcomes? Prepare the future: has the project altered the infrastructure of the org. so future business success and customer impact are more likely? Why do companies engage in across-the-board demands for cost-cutting rather than using a strategic cost management approach? An analysis of the financial aspects of the projects administration; What investment funds will the project need and when? Program, project or job management; to a CEO or a computer system, its all the same. Are you hitting your project targets? Reporting to Customer: What formal communications and techniques will be used to keep the customer informed of status? Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet: The workbook is the latest in-depth complete edition of the Cost Management book in PDF containing 633 requirements, which criteria correspond to the criteria in… Your Cost Management self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next: The Self-Assessment Excel Dashboard; with the Cost Management Self-Assessment and Scorecard you will develop a clear picture of which Cost Management areas need attention, which requirements you should focus on and who will be responsible for them: Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix Gives you a professional Dashboard to guide and perform a thorough Cost Management Self-Assessment Is secure: Ensures offline data protection of your Self-Assessment results Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next: STEP 3: Implement, Track, follow up and revise strategy The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Cost Management projects with the 62 implementation resources: 62 step-by-step Cost Management Project Management Form Templates covering over 6000 Cost Management project requirements and success criteria: Examples; 10 of the check box criteria: Lessons Learned: How timely were Progress Reports provided to the Cost Management project Manager by Team Members? Executing Process Group: What factors are contributing to progress or delay in the achievement of products and results? Issue Log: Are stakeholder roles recognized by the organization? Scope Management Plan: Knowing the health of the Cost Management project – What is the status? Schedule Management Plan: Is there anything planned that doesn t need to be here? Procurement Management Plan: Does the Business Case include how the Cost Management project aligns with the organizations strategic goals & objectives? Procurement Audit: Is trend analysis performed on expenditures made by key employees and by vendor? Responsibility Assignment Matrix: Do others have the time to dedicate to your Cost Management project? Activity Cost Estimates: What were things that you did very well and want to do the same again on the next Cost Management project? Duration Estimating Worksheet: When do the individual activities need to start and finish? Step-by-step and complete Cost Management Project Management Forms and Templates including check box criteria and templates. 1.0 Initiating Process Group: 1.1 Cost Management project Charter 1.2 Stakeholder Register

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