Cost Management: Performance Measurement, Monitoring, and Motivation

Description

“Cost Management: Performance Measurement, Monitoring, and Motivation” offers a comprehensive, practical approach to mastering cost control in today’s dynamic business environment. This essential textbook guides students through fundamental concepts, from strategic and total cost management to advanced techniques for cost estimating, forecasting, and control. It delves into critical areas like project management, inter-organizational cost management, and efficient materials and inventory control.

Students will learn to implement robust systems for performance measurement, ensuring effective monitoring and fostering motivation across organizational levels. By exploring short-run planning, profitability analysis, and various cost control methodologies, this text equips future professionals with the analytical skills needed to drive efficiency, enhance decision-making, and achieve sustainable competitive advantage. Prepare to transform raw cost data into strategic insights that propel organizational success.

Dr. Stephen Cooper combines their doctorate with extensive industry experience in strategic cost management. They provide practical, consulting-driven insights for effective cost control and project success. This textbook offers their real-world applications.