July 2020
Intermediate to advanced
164 pages
4h
English
Inactivity Based Cost Management
An Activity has a cost incidence whereas Inactivity a cost consequence. Measure Cost Consequence, Now, Now, Now.
—Jayaraman Rajah Iyer*
Inactivity Based Cost Management1 (IBCM) functions on the following five principles:
Principle #1: What Gets Measured, Gets Managed
Some of the notable events in corporate history provide evidence of this. Lockheed, an American aerospace company, was the first major financial scandal that rocked the corporate world, in 1976. Then secretary of state ...