Cost Category

Activity Based Cost Management:  The Activity Based Cost Management Workshop addresses how activities are cost drivers in every organization.  By totaling costs in pools and then allocating from the cost pools to products and services by cost drivers, products and services are identified for their profitability. The conclusion is drawn that ABC is the most accurate way of allocating costs, but the question for every organization is whether the accuracy is worth the additional cost. 

Costs of Quality:  The Costs of Quality Workshop covers the four cost categories associated with the costs of Quality: internal failure, external failure, appraisal and prevention. Models for balancing the four categories be discussed and will aid participants in deciding how to optimally invest in quality activities to reduce failures.  Discussion will also cover measurement of costs across multiple organizations. 

Total Cost of Ownership:   Total Cost of Ownership Workshop covers definitions, formulas, measurement, application and organizational best practices regarding the Total Cost of Ownership (TCO).  By the end of the course, participants will have a stronger understanding that acquisition cost is often a very small portion of the total cost, and cost management is the responsibility of all functions and multiple organizations, existing accounting systems often fail to provide guidance for cost management at the points of incursion.