CAM-I Working Groups and Projects
Cost Management and Target Costing -
Understanding the root causes of costs is the foundation to all areas of Cost Management. Target costing has historically been used in product development organizations. The process and fundamental philosophy holds benefits for service industries as well. Together with working on the Target Costing Model for Service, the group will also work on Shared Services model, Value Analysis that focuses on customers and the relationship to cost, Cost Management, customer profitability and Predictive Analytics. The fundamental work that CAM-I has done on Target Costing for Manufacturing will carry on.
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 Interest Group has developed the CAM-I Performance Management Framework (PMF), a holistic implementation methodology that supports strategy execution by evaluating and improving organizational business performance regardless of size or industry. The 8-step framework assesses organizational readiness and performance management maturity and then provides guidance and focus on appropriate techniques and measurements for performance improvement.
Recent publication (jointly with CPA Canada): The CAM-I Performance Management Framework – Executive Overview HOW TO EVALUATE AND IMPROVE ORGANIZATIONAL PERFORMANCE
Integrated Risk and Value 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. However, what if the organization were able to assess their potential risks for enterprise value? Robust organizations know how to take on measured risks that boost returns to stakeholders. If handled properly, it may even be possible to increase stakeholders’ perceived value after a crisis. The goal of the Integrated Risk and Value Management interest group at CAM-I is to explore this risk-value continuum, modifying existing thought and practice to enable organizations to maximize value by optimizing risk.
Environmental Sustainability Interest Group –
The CAM-I ESIG seeks to leverage CAM-I’s existing Body of Knowledge in cost and performance management to develop more effective and efficient management tools and techniques to support environmental sustainability initiatives. To that end, the group has developed the following deliverables:
- GHG Emission Reduction Initiatives (June 2011)
- Measuring and Managing Environmental Sustainability: Using Activity-Based Costing/Management (ABC/M) (September 2012)
- Managing Environmental Sustainability Using Target Costing Principles (August 2013)
- Industry Survey: Use of Cost and Performance Principles to Manage Environmental Sustainability Initiatives (January 2015)
- Lessons Learned: The Boeing Company Pilot Project to Implement Environmental Activity-Based Costing/Management Principles (May 2016)
State and Municipal Special Interest Group –
This group is designed to increase the opportunities for municipal governments to learn from and apply tools and techniques that have been developed by CAM-I. This SIG will be structured to help “translate” existing CAM-I products to state and municipal government applications and broaden the use of these tools in the public sector. Initial work is focused on adapting the Performance Management Framework, working with national partner organizations to pilot the framework in 10 jurisdictions, and developing a community of practice including a training cadre.