Elements and Performance Criteria
- Analyse cost components of work area or team function
- Identify costs factors under control of area or employees in the team
- Identify causes of variability in costs
- Analyse impact of costs on production or process activities undertaken
- Improve cost-efficiency of processes and procedures
- Calculate cost benefit ratio of alternative methods of improving productivity and reducing costs
- Consult with all stakeholders regarding possible changes
- Recommend changes which will increase productivity and reduce cost and variability
- Implement recommended changes in consultation with stakeholders