Learn the art of world class cost management and building a cost structure in your corporate organization that facilitates sustained, profitable growth. If you are ready to get more results in the next 12 months than most companies achieve in 12 years, scroll to read more from Doug Utberg.
Read ‘World Class Cost Management by Doug Utberg to know how you can change the fate of your company with effective cost management strategies as a professional. The following are previews of some initial chapters.
Cost management at its core is the process of planning and implementation that sets the budget and a baseline for a project; in this case, we refer to running and managing a company. Effective cost management has to consider the three key factors; cost, scope, and time. Cost refers to the baseline requirements necessary to undertake an action or a task. Scope outlines the degree and sets a limitation on the extent of the endeavor.
The optimization process entails the change, modification, or development of practices or designs that increase functionality and efficiency against a measurement criterion. In essence, it is directed towards an increased capability of achieving goals or objectives.For example, trying to get the greatest value for your money is something everyone exercises at some point or another. When considering buying an item or a service, you will do your due diligence and compare what different merchants offer so you can get the best deal possible. Here, you optimize the value you gain against the cost.
At its core, documentation is a recorded form of oral communication that may be transmitted even if the original presenter is not available. The earliest forms of documentation consisted of primitive records to reliably mark the storage of grain and other food products in the ancient world. Therein lies the core philosophy of the approach, namely, recording and reliability.
The people or labor costs in an organization/company are going to be the largest and most significant expense. While there may be rare exceptions to this rule of thumb, most will find that a significant portion of their expenditure is dedicated to human employees. This high cost of keeping people has to be justified by the role they play within the organization. It is not productive to keep people in redundant roles unless necessary. A common trend with companies, when facing problems, is to hire even more people.
Author and corporate professional Doug Utberg has been through a lot of ups and downs through a variety of business sectors. He is not an ivory tower theorist or a corporate hack. He delivers straight-talk that is designed to help forward thinking leaders improve their organization. In his professional career, Doug started in the Boy Scouts of America, earning the rank of Eagle Scout. . Moreover, he served as a Squad Leader in the United States Marine Corps, serving on missions in Oregon, Alaska and El Salvador. Doug moved his career into the realm of Finance for Intel Corp. from 2000 to 2018, spanning across manufacturing, supply chain, pricing, data systems and Information Technology.
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The book ‘World Class Cost Management by Doug Utberg is the ultimate solution book for professionals looking forward to taking their businesses and mission-driven organizations to the next level in terms of cost management. The book gives an amazing insight into the world of organization, where success is all about optimizing costs of all types. Reading this book will let the professionals identify the waste in their organizations that are invisible to the average observer. After reading this book, you will be able to streamline and organize your company’s cost structure to self-fund its growth investments. It is a must-read book for professionals who want to save their organizations from the roller-coaster ride of runaway spending followed by devastating budget cuts that destroy the productivity of the organization.
”A must-read book for professionals who looking to grow their cost management skills.
John DoeDesigner
”I did not realize till now how my company has to go on its journey toward a world class cost structure. Now I understand why.
AlbertCEO
”Doug’s book is something that all professionals leading a company, whether a small, medium, or large size company, must go through to grow effectively and prevent considerable loss in the future.
EmmaFinance Manager
”Effective cost management is something that can grow a small company into a medium company, and transform a medium company into a large one.
BenjaminBusinessman
”I never understood the link between cost management and effective growth until I read Doug’s book. I’ll never look at my budget the same way again.
AmeliaTeam Lead
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