30 to 35 years ago, the profession of management accountancy and more broadly of management control was in turmoil after the publication of two books acknowledging, on the one hand, a loss of relevance of cost management accounting (1987, Relevance Lost)i and, on the other...
Today, let’s delve into a topic crucial for anyone looking to succeed and truly thrive in their career....
The Society of Product Cost Engineering & Analytics (SPCEA) was founded five years ago, marking a significant milestone in the evolution of cost engineering as a professional discipline. The Origins of SPCEA SPCEA’s history traces back to 2019, when Chris Domanski and I reconnected at a conference...
In Cost and Value Stream Engineering (CVSE), technical expertise forms the backbone of operations. However, the real key to success lies in the people behind the processes. Beyond technical knowledge, effective communication, collaboration, and leadership are essential. The Qualification Matrix is a vital tool for identifying,...
Tariffs play a significant role in shaping global trade and, by extension, the cost structures of businesses that rely on imported goods. ...
In cost engineering, working with incomplete information is a constant challenge. ...
Let’s talk about something that’s almost taboo in the business world—especially among high achievers and go-getters. Let’s talk about luck....
In our previous exploration of Cost and Value Stream Engineering (CVSE), we highlighted its transformative potential as a strategic enabler for CEOs and COOs. Today, we delve into the fundamentals of CVSE—its essential principles and building blocks—and how they empower organizations to align cost efficiency...
The English language is filled with sayings that don’t seem to make any sense, at least not at first. For example, “bite the bullet” means to forget your losses and just do it....
In today’s hyper-competitive global market, organizations face a dual challenge: driving innovation while controlling costs....