CAM-I

Overview of CAM-I

 

Over Four Decades of Industry-led Collaborative Research

CAM-I (Consortium for Advanced Management, International) is an International consortium of industry, government, and research organizations working together to develop the mechanisms that management needs to more effectively address critical business issues. As a result, CAM-I is recognized worldwide as the leading forum for realizing practical, proven advanced management solutions, methods and tools that are changing the way organizations manage their business. Example focus areas include Process Management, Risk Management, Target Costing, Performance Management and Change Management.
Our members, subject matter experts, academia and thought leaders, together with major engineering, accounting and management organizations, meet formally every quarter to work on Special Interest Group projects related to cost, process and performance management for the benefit of our member companies.
Currently CAM-I has 34 members.

CAM-I Participation

Any organization can attend as CAM-I guest, one quarterly meeting.

There is Annual Participation Fee for member Companies.
The participation includes access to all the past and present work plus attendance to CAM-I collaborative meetings.

Sponsor Companies can send up to 12 people to participate in Programs and Special Interest Groups at our qtly formal meetings.

A company also gets two seats on the management committee for CAM-I. This is an advisory body to CAM-I on direction setting.

The sponsor company can also initiate a new project or a sub project.

CAM-I Intellectual Property Access

  • The Member Portal - This is a repository of current work, work in progress, completed deliverables in electronic format, and the member directory.
  • Wide networking with expertise available form other companies, leading universities, and subject matter experts
  • Participation in Special Interest Group deliverables.
  • Any member can work with others on meetings, site visits, benchmarking and sharing ideas via our portal meetings.

 

CAM-I Quarterly Meetings

The quarterly meetings are Monday through Wednesday in the second week of March, June, September and December. The attendance is normally about 100 people.
The format is –

Day 1 - Interest groups work on leading edge projects

Day 2 - Morning is devoted to General Session where we invite outside speakers to present on topics related to cost, process and performance management. During the afternoon the Interest Groups reconvene.
Day 3 - Interest groups work on leading edge projects until we adjourn at noon

New InitiativesEnvironmental Sustainability, Intelligent Data Quality Management, Integrated Risk & Crisis Management.

Deliverables in Progress

Target Costing Group  

  • The group at CAM-I has developed the methodology to use Target Costing for Manufacturing. The next stage is to develop the application for a Service Industry.  Also developing a workshop on the Value Analysis process.  The workshop is planned for March 2016 in Alexandria, VA. 

Performance Management

Phase III research Key Deliverables

  • Create the CAM-I PMF Instructor Certification Program
  • Development of on-line assessment tools and survey analytics
  • Update reference materials
  • Cost Management Group
  • Understand the risks and tradeoffs of implementing cost management for shared Service platforms.
  • Develop the best way to cost and charge shared services.
  • Tying shared services to customer profitability; the role of Target Costing and Customer Profitability.
  • More use of work done previously in this area from the existing CAM-I Body of Knowledge.
  • Integrated Risk and Crisis Management Special Interest Group
  • Comprehensive risk-crisis gauge that identifies where a company is in terms of optimal risk taking.  Gauge and risk-crisis interfaces identified for publication in June Cost Management journal.  Team will now move on to developing analytical tables and formula that will allow a firm to measure where they are on the risk-crisis continuum.  Draft document for September, 2015.
  • Attention will then turn to case studies of companies that have managed through crisis

Intelligent Data Quality Management Group

  • The Intelligent Data Quality Group seeks to develop a framework or equation that can put a dollar value on any record of data in any data system. The ability to value a record in quantitative, monetary terms will allow organizations to manage their data using traditional asset management techniques.
  • Each element of the framework (or variable of the equation) is a deliverable of this group. The first two elements have been defined as deliverables, including:
  • Data Lifecycle – The Group examined data lifecycle models throughout the industry and created a best-of-breed lifecycle model. The deliverable details the activities, enablers, risks, and valuation considerations of a record of data as it moves through the lifecycle.
  • Data Management Maturity – The Group is examining the maturity of an organization with regard to data management practices, as organizations that have higher levels of maturity are able to do more with their data, thus the valuation increases. The deliverable will be a companion approach to the Performance Maturity Model's Information Management enablement component.

The Environmental Sustainability Interest Group (ESIG)

  • The Environmental Sustainability Interest Group (ESIG) seeks to leverage CAM-I’s Body of Knowledge in cost and performance management to develop more effective and efficient management tools and techniques to manage environmental sustainability initiatives. The group completed a market survey in January 2015 examining: a) what motivates companies to undertake environmental sustainability initiatives, b) the strategy employed to manage the initiatives, c) if/how they are utilizing cost and performance management tools and techniques to manage these initiatives, and d) best practices, challenges and pitfalls, and challenges identified to utilizing these tools and techniques. 
  • The group is now in discussions with The Boeing Company to conduct a proof of concept case study to validate the 2012 whitepaper:  Measuring and Managing Environmental Sustainability: Using Activity-Based Costing/Management (ABC/M). The group intends to demonstrate that the activity-based information generated by the model will help identify the relative cost- and environmental-intensity of activities at Boeing, and help managers make more informed decisions to focus on activities, products and services which are high-value and low-environmental intensity.


List of significant deliverables

  • Use of Cost and Performance Principles to Manage Environmental Sustainability Initiatives.
  • Performance Management Assessment and Framework
  • Integrated Risk and Crisis Management - The Landscape  - 2014,  A Concept White Paper – 2013
  • Intelligent Data Quality Management – Data Life Cycle Model
  • Managing Environmental Sustainability Using Target Costing Principles
  • Emerging Issues Paper on Environmental Sustainability, Activity Based Costing – with CPMA Canada Research and Innovation
  • Operational Data and Cost Measurement Assessment Modular Manual
  • Addressing Commodity Price Volatility in Product Development through A Mature Target Costing Process 

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