Resource provided by Assylkhan Ziyash
10 principles for rethinking cost management to maximize value and avoid threats
24 April 2016 – Almaty, Kazakhstan – A new resource has been added to the PM World Library related to project cost management. The new resource is titled “Be Your Own Activist Investor”. This is an article published in strategy-business.com in 2015 by Deniz Caglar, Vinay Couto, and Gary L. Neilson.
Even if you are not threatened by activist investors, you can learn from the experience of those who have been. Before hedge funds start to circle your company, apply their best practices yourself. Take control of your cost base — not to cut back, but to build a more resilient and capable organization. You can even use your cost transformation initiative to create a positive, strategic vision of the future, one that inspires people and attracts their commitment.
With this potential in mind, there are 10 principles for cost transformation that can help companies play the role of gadfly investor for themselves. The first five principles in this list reflect the amped-up agenda of increasingly activist shareholders. By adopting them yourself, you can create immediate and substantial value. Advice is applicable to businesses, programs and projects.
To access this new resource, go to https://pmworldlibrary.net/applications-and-topics/ , click on “Cost Management”, scroll down to resource. Must be logged in at professional level to access.