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An internet article review - Winning the Cost War by Scott H. Graham is to emphasize the importance of cost management
Title: An internet article review - Winning the Cost War by Scott H. Graham is to emphasize the importance of cost management
Category: Business & Economy
Details: Words: 809 | Pages: 3.4 (approximately 235 words/page)
An internet article review - Winning the Cost War by Scott H. Graham is to emphasize the importance of cost management
The focus of the article Cost Management - Winning the Cost War by Scott H. Graham is to emphasize the importance of cost management. Throughout the article, the emphasis is on ABC (activity based costing) and its importance in being able to both track what is happening within the organization and ways to predict how costs can be cut while existing services maintained. The organization referred to within the article is the U.S. Army and …showed first 75 words of 809 total…
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…showed last 75 words of 809 total…used by all managers in cost management. The model he used (the Army base), however, assumes monies available will decrease over time. While this model is very useful in the military setting, in an industry that is booming other tools are needed. Accurate projections of future growth are essential, and are the other side of what the article is addressing. Only through projecting both increases and decreases in funding can effective cost management be accomplished.
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