4

YEAR

2011

VOLUME

FOUR

Management and leadership consulting  Cost benefit analysis   

performance  metric

 

 

   Subject:  

 Cost Management

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At its conclusion, learners can expect to understand how to:

· Calculate a cost performance index (CPI)

· Calculate a schedule performance index (SPI)

· Calculate estimated costs at completion (EAC), using the most appropriate method

· Allocate cost to products, processes, and activities

· Develop process improvement initiatives

CBAfaculty.org

                    Content

"Cost Management" places basic cost management tools within the grasp of nearly any project manager. Each skill sequence builds on the one before. Using clear explanations and providing ample practice, this course makes learning when and how to use cost management calculations and indices as uncomplicated as possible.

 

The supplemental course materials are designed for the entire series. The glossary extends beyond the terms used in this module. New terms in the text are linked to the glossary, or users can go to the glossary to look up terms by scrolling or using the alphabetical index. The resources section is a treasure trove of brief articles on a variety of management topics.   Overall, for managers new to cost management methodologies, this course should prove useful, regardless of the number of zeroes and commas in their project budgets.

Value

If these cost management tools aren't already in your project management toolkit, this course is an efficient and cost-effective way to acquire them. The time and money spent are likely to be repaid many times over the first time you apply these methods to a real-life project.

 

Cost Management

 

1

Introduction to Cost Management

2

Basic Cost Management Concepts

3

Cost Behavior

4

Activity-Based Costing

5

Product and Service Costing: Job-Order System

6

Product and Service Costing: A Process Systems Approach

7

Allocating Costs of Support Departments & Joint Products

8

Budgeting for Planning and Control

9

Standard Costing: A Functional-Based Control Approach

10

Decentralization: Responsibility Accounting

11

Strategic Cost Management

12

Activity-Based Management

13

The Balanced Scorecard

14

Quality and Environmental Cost Management

15

Productivity Measure and Control

16

Lean Accounting

17

Cost-Volume-Profit Analysis

18

Activity Resource Usage Model

19

Pricing and Profitability Analysis

20

Capital Investment

21

Inventory Management: Economic Order Quantity

 

Cost Benefit Analysis

1

Introduction to Cost-Benefit Analysis

2

Conceptual Foundations of Cost-Benefit Analysis

3

Microeconomic Foundations of Cost-Benefit Analysis

4

Valuing Benefits and Costs in Primary Markets

5

Valuing Benefits and Costs in Secondary Markets

6

Discounting Benefits and Costs in Future Time Periods

7

Dealing with Uncertainty: Expected Values, Sensitivity Analysis, and the Value of Information

8

Option Price and Option Value

9

Existence Value

10

The Social Discount Rate

11

Predicting and Monetizing Impacts

12

Valuing Impacts from Observed Behavior: Experiments and Quasi Experiments

13

Valuing Impacts from Observed Behavior: Direct Estimation of Demand Curves

14

Valuing Impacts from Observed Behavior: Indirect Market Methods

15

Contingent Valuation: Using Surveys to Elicit Information about Costs and Benefits

16

Shadow Prices from Secondary Sources

17

Shadow Prices: Applications to Developing Countries

18

Cost-Effectiveness Analysis

19

Distributionally Weighted Cost-Benefit Analysis

20

How Accurate Is CBA?