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| Author: | Sandison, D. Hansen, S.C. Torok, R.G. |
| Title: | Activity-based planning and budgeting: a new approach from CAM-I |
| Journal: | Journal of Cost Management
2003 : MAR/APR, VOL. 17:2, p. 16-22 |
| Index terms: | Accounting Budgeting Planning |
| Language: | eng |
| Abstract: | Wasted any time managing your budget lately? Anyone from any organization who would like to reduce the wasted time spent on detailed line item budget accounting and put more effort into proactive and flexible planning and analytical process, will enjoy one of the most recent reports from the Consortium for Advanced Manufacturing International (CAM-I). CAM-I's Activity-based Planning and Budgeting interest group describes how organizations can use a "closed loop" model for budget planning that puts value creating, strategically compliant operational information before the lagging, results-based considerations. Set within an ABC/M framework, the authors characterize how organizations can use the deliberately selected, strategically driven operational and performance measurement information to complement those budgetary expenses that the traditional budget manages effectively. |
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