Current CAM-I Working Groups and Projects
Cost Management – The objective of the Cost Management group is to build on the existing CAM-I cost management base of tools and techniques. The initial focus and scope as defined by the group is to examine the shared services process of both internal cross charging within a company and the evaluation of shared services. An initial bassline article was published in Cost Management Magazine. Currently the group has undertaken a shared services study and is interviewing volunteer companies and will publish a second follow up based on the study. In the future specific areas of work could include standards for cost management models, case studies, new tools and techniques for reducing and optimizing costs, and developing methods for strategic cost reduction. They will also explore a definition for a framework for best practices in implementing the most appropriate costing solution corresponding to the organization’s needs while ensuring the long term value.
Target Costing Best Practices – The group at CAM-I is working on Target Costing application for the service industry with Arizona State University. Target costing has historically been used in product development organizations. The process and fundamental philosophy holds benefits for service industries as well. A deliverable is in the works to share this. The group recently rolled out a Value Analysis workshop. The value analysis process holds many benefits to companies in understanding and focusing on their customers and the relationship to cost.
Intelligent Data Quality Management – Data is an asset, but is difficult to manage because of the unique characteristics of data that defy traditional asset management techniques. The Intelligent Data Quality Management group is developing a framework and equation for assigning a monetary valuation to any record of data. Knowing how much a record of data is worth will allow organizations to make more intelligent asset management decisions, such as when to cleanse the data, when to convert or migrate the data to a new system, and when to archive or purge the data.
Performance Management – The PM Interest Group has developed a holistic implementation framework that evaluates and improves any organization’s business performance regardless of size or industry. The 8 step implementation framework enables an organization to assess their level of performance management maturity and provides guidance on the most appropriate techniques for improvement. Recent publication (jointly with CPA Canada):
The CAM-I Performance Management Framework – Executive Overview
HOW TO EVALUATE AND IMPROVE ORGANIZATIONAL PERFORMANCE
Current research includes:
- packaging the PMF instructor materials into a practical Implementation Guidebook
- use of Survey Monkey for the Readiness Assessment questionnaire data gathering and analytics
- Developing business Case Studies in the use of the Framework and updating recommended Improvement Techniques to deal with current business needs.
Environmental Sustainability Interest Group – The CAM-I 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 is now in the final stages of documenting lessons learned and observations from a proof of concept case study scoping study with The Boeing company to validate the 2012 whitepaper: Measuring and Managing Environmental Sustainability: Using Activity-Based Costing/Management (ABC/M). This lessons learned document builds on the ESIG’s previous deliverables: a market survey examining why organizations undertake environmental sustainability programs and what management techniques they employee to manage them; and a series of whitepapers that describe how the same principles from the CAM-I best management practices of Activity Based-Costing/Management and Target Costing can be leveraged to support sustainability initiatives.
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 cost- and environmental-intensity of activities at Weber St., and help university managers make more informed decisions to focus on activities, products and services which are high-value and low-environmental intensity.
Integrated Risk and Crisis Management –To be in business is to face a constant stream of potential risks that can disrupt daily activity and put the future of the organization in jeopardy. While some risks represent opportunities, risk remains a disruptive force in an organization’s life. When a risk cannot be mitigated or the mitigation attempts fail to be adequate, the organization can face a crisis situation. Robust organizations know how to take on measured risks that boost returns to stakeholders. The goal of the Integrated Risk and Crisis Management interest group at CAM-I is to explore this risk-crisis continuum, modifying existing thought and practice to enable organizations to maximize value by optimizing risk. Group.