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Reducing Process Costs with Lean, Six Sigma, and Value Engineering Techniques by Jon M. Quigley, Kim H. Pries

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CHAPTER 3 – Arbitrary Cost Down Approach
I. Rubric for Costing Down
Criteria Level 1 (50–59%) Level 2 (60–69%) Level 3 (70–79%) Level 4 (80–100%)
Assess methods
of accounting for
capital assets if
involved in costing
down project
Assessment of
methods of account-
ing for capital assets
demonstrates limited
understanding
Assessment of
methods of account-
ing for capital assets
demonstrates some
understanding
Assessment of
methods of ac-
counting for capital
assets demonstrates
considerable under-
standing
Assessment of
methods of account-
ing for capital assets
demonstrates thor-
ough understanding
Calculate necessary
ratios
Calculates necessary
ratios with limited
success
Calculates necessary
ratios with some
success
Calculates necessary
ratios with consider-
able success
Calculates necessary
ratios with a high
degree of success
Compare given
components for
validity
Comparison of
given components
demonstrates limited
understanding of
validity
Comparison of
given components
demonstrates some
understanding of
validity
Comparison of given
components demon-
strates considerable
understanding of
validity
Comparison of
given components
demonstrates thor-
ough understanding
of validity
Demonstrate skills
required to analyze
job costs and prof-
itability
Demonstrates lim-
ited skills required
to analyze job costs
and protability
Demonstrates some
skills required to
analyze job costs
and protability
Demonstrates
considerable skills
required to analyze
job costs and prot-
ability
Demonstrates a
high degree of skills
required to analyze
job costs and prot-
ability
Demonstrate
skills required to
interpretnancial
information
Demonstrates lim-
ited skills required
to interpret nancial
information
Demonstrates some
skills required to
interpret nancial
information
Demonstrates
considerable skills
required to interpret
nancial information
Demonstrates a
high degree of skills
required to interpret
nancial information
Demonstrate un-
derstanding of cost
recovery
Demonstrates lim-
ited understanding
of cost recovery
Demonstrates some
understanding of
cost recovery
Demonstrates
considerable un-
derstanding of cost
recovery
Demonstrates thor-
ough understanding
of cost recovery
Demonstrate
understanding
of costs that are
beyond the control
of the business
Demonstrates
limited understand-
ing of costs that are
beyond the control
of the business
Demonstrates some
understanding
of costs that are
beyond the control
of the business
Demonstrates
considerable under-
standing of costs
that are beyond
the control of the
business
Demonstrates a thor-
ough understanding
of costs that are
beyond the control
of the business
Demonstrate
understanding of
the regulatory and
ethical framework
Demonstrates lim-
ited understanding
of the regulatory and
ethical framework
Demonstrates some
understanding of the
regulatory and ethi-
cal framework
Demonstrates
considerable
understanding of
the regulatory and
ethical framework
Demonstrates a thor-
ough understanding
of the regulatory and
ethical framework
Describe costing
procedures for
intangible assets
Description of
costing procedures
for intangible assets
demonstrates limited
knowledge
Description of
costing procedures
for intangible assets
demonstrates some
knowledge
Description of
costing procedures
for intangible assets
demonstrates con-
siderable knowledge
Description of
costing procedures
for intangible assets
demonstrates thor-
ough knowledge

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