CAM-I Deliverables 2016
CAM-I Deliverables 2016
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.
- Value Engineering Training is in place and is being used at meetings.
- The course will be given outside CAM-I.
- At June 2016 meeting, the group will be examining into building a Primer on Target Costing Implementation guide. Performance Management Interest Group (PMIG)
The group is focused on these Phase III initiatives:
- Conduct PMF workshops at quarterly sessions and internally within member companies
- Create the Performance Management Framework Instructor Certification Process and Program
- Development of on-line assessment tools and survey analytics
- Publish PMF Case Studies for specific industries
- Propose a better mechanism to access reference materials
- Provide guidance on integrating PMF concepts with other IGs’ methodologies
Cost Management Group
This group is working on the following areas –
- Publishing the results of a study regarding the implementation of shared services
- Evaluating the next group project which could include but is not limited to:
- Tying shared services to customer profitability; the role of Target Costing and Customer Profitability.
- Examine Predictive Analytics models and build for certain applications
- Costing framework
Integrated Risk and Crisis Management Special Interest Group
Development of the risk-crisis continuum, a graphical tool, maturity model and tolerance scoring template that identifies where an organization is in terms of optimal risk taking. Integration into the Performance Management Framework (PMF). Development of case studies that explore the phases of the risk-crisis continuum: inefficient, risk optimized, smoldering risk, 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 Stage – 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 tools and techniques to manage environmental sustainability initiatives. To that end, 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 the final stages of documenting lessons learned and observations from a proof of concept case study project scoping study with The Boeing company to validate the 2012 whitepaper: Measuring and Managing Environmental Sustainability: Using Activity-Based Costing/Management (ABC/M).
To continue driving its mission, the group recently kicked-off a proof of concept case study with Weber State University 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 environmental-intensity of activities at Weber State, and help managers and stakeholders at the university make more informed decisions to focus on activities and programs which are high-value and low-environmental intensity.