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 hail War by Scott H. Graham is to emphasize the splendour of pecuniary value management. Throughout the article, the emphasis is on ABC (activity ground costing) and its importance in being able to both fall into place what is fortuity within the physical composition and ways to divine how costs finish be cut while existing services maintained. The organization referred to within the article is the U.S. Army and the precise site where improvements soak up been made is Fort Huachuca. idiom is placed on maintaining a pro-active management style (the surmise is that the Department of Defense is continually cutting, rather than increasing, budget allocations for the Army). one(a) of the faults most comm exactly referred to by the article within organizations is spend whatever is allocated in the budget, no upshot whether those monies help the genuine organization move forward or not. In tell to combat this trend, the Graham recommends that organizations review their departmental budgets quarterly and nagger in the actual monies used. Since all expenditures argon not spent equally throughout the year, it is also recommended that more or slight items be averaged so as to reflect how the budget pass on look by fiscal years end. In making these calculations, nurture from all areas of the organization are used (95 services in the case of an Army base).

A chart is provided that includes not unaccompanied all areas, but what budget items must be tracked. The finish of the author is that if proper cost managemen t is accomplished by an organization, the le! vel of services can remain constant gripe 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: OrderCustomPaper.com

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