COST ANALYSIS
- Do you have a rolling 12-month Cost Management Plan?
- Have you developed an ROI Profile for your cost line items?
- Are you reviewing your Cost Payee Contribution Rates?
- Do you have an organizational wide Cost – Benefit Decision Making template?
- Have you identified and quantified your “intangible” costs such as negative marketplace reputation, poor customer service, etc?
- Do you have a strategy to eliminate or minimize these intangible costs?
- Do you analyze and manage your Cost Variances at least monthly?
[watupro 6]