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EPM Review Newsletter - March 2013

 
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A resource portal for all your
Enterprise Performance Management
March 2013
 
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As a young financial controller I made an observation that I won’t ever forget. I had collected the various departments’ budgets for the next 5 years (bottom up process) and summarized the numbers. The 5 year period showed increased cost. When my manager saw the rising curves he stopped for some seconds and took the pen and drew a new line. “This is our future cost development” he said. At first I thought he was not serious, but after a while I understood he really meant it.

He told me that I should minimize the impact on the overall operations given the new target cost level. This was a healthy exercise that all businesses should undertake – even if they are not in crisis. My manager did not have to cut cost like this – he just did it – and I admire him much for this.

I worked in the Shared Services Division, and the cost cutting exercise did not impact our services much. Like you reshuffle your furniture at home every now and then – you should also do reshuffling and cut or do less of some activities, for a good cost impact.

Author :Tor Inge Vasshus, CEO, Corporater, Inc.

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Kaplan-Norton Balanced Scorecard Training Program
3 - 6 June, 2013 | Accra

Palladium's Kaplan-Norton BSC Certification
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17 - 21 June, 2013 | Gaborone
17 - 21 June, 2013 | Boston, MA

Kaplan-Norton Advanced Practitioner Level BSC Boot Camp
24 - 28 June, 2013 | Istanbul

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