TCM Total Cost Management Framework

TCM là 1 ứng dụng chuyên nghiệp, kỹ thuật chuyên gia để lập kế hoạch, kiểm soát nguồn lự, chi phí, khoản mục đầu tư. Nói một cách đơn gian TCM là một hệ thống tự động tiếp cận đến quản lý chi phí thông qua 1 vòng đời của mọi doanh nghiệp, chương trình. dự án, sản phẩm...

[...]... xvi I INTRODUCTION TO TOTAL COST MANAGEMENT CHAPTER 1 INTRODUCTION 1.1 Definition of Total Cost Management 1.1.1 Total Cost Management and Related Terminology The Constitution of AACE International provides the following definition of total cost management: Total Cost Management is the effective application of professional and technical expertise to plan and control resources, costs, profitability... 10S-90, Cost Engineering Terminology.” 5 1.3 Organization of the TCM Framework 1.3.1 The TCM Framework Uses Process Management Conventions Total cost management is a quality driven process model As such, the Framework employs process management conventions A process consists of a flow of inputs and outputs with mechanisms that transform the inputs to outputs The Framework maps the process flows of TCM. .. operation management and costs to the extent addressed by TCM Product and operations costs have been the focus of the resource management and management accounting fields Resource management s developments in enterprise resource management (ERP) and management accounting’s developments in activity-based-costing (ABC) are significant advancements that are incorporated in TCM However, unlike TCM, those... supporting processes The TCM Framework Basic Processes of Total Cost Management Functional Processes for Strategic Asset Management Enabling Processes For Total Cost Management 11 Enabling Processes 1 Introduction 3 Strategic Asset Planning 2 The TCM Process Maps 4 Project Implementation 11.1 The Enterprise in Society 5 Strategic Asset Performance Measurement 11.2 People and Performance Management 6 Strategic... general interest 8 1.4 Key Introductory Concepts for Total Cost Management 1 2 3 4 5 6 7 8 9 10 11 12 13 Total Cost Management The sum of the practices and processes that an enterprise uses to manage the total life cycle cost investment in its portfolio of strategic assets Describes the process employed in the profession of cost engineering Resource Management (1) The effective planning, scheduling,... Project Management New York: John Wiley & Sons, Inc., 2000 Process Mapping Galloway, Dianne Mapping Work Processes MilwaukeeASQ Quality Press, 1994 18 2.2 Total Cost Management Process Map 2.2.1 Description 1 Total Cost Management This section builds on the information provided in the previous section by illustrating how the generic Plan-Do-Check-Assess (PDCA) model is implemented in the total cost management. .. whose cost must be managed Each component of the company’s asset portfolio has its own life cycle with cost investments to integrate over time The complex interaction of the asset portfolio component costs over their various life cycles and during operations calls for a total cost management process One way that TCM adds value to the body of cost engineering knowledge is that it integrates areas of cost. .. emphasis in project management and project control, has a balanced focus on product and capital costs, project and operational work processes, and resources of all types In other words, it covers the total costs” of the business s oc u ct F Co st Ob je Pr od uc ts Materials Resource Management Management Accounting People Time Resource Focus g rin tu ac uf an /S er vic e s Total Cost Management s /M cu... it is a systematic approach to managing cost throughout the life cycle of any enterprise, program, facility, project, product, or service This is accomplished through the application of cost engineering and cost management principles, proven methodologies and the latest technology in support of the management process.” Put another way, Total Cost Management (TCM) is the sum of the practices and processes... Readings and Sources The TCM process is a new concept and the Framework is the original defining text However, the following are sources of general information about the practice areas that are involved in or associated with the TCM process Cost Engineering and Total Cost Management AACE International, the Association for the Advancement of Cost Engineering, www.aacei.org • Cost Engineers Notebook (current