The Total Cost Management (TCM) Framework 2. THE TOTAL COST MANAGEMENT PROCESS

Hollmann, John K.; Querns, Wesley R.
June 2003
AACE International Transactions;2003, preceding p1
Academic Journal
This article describes the fundamental basis or foundation of the total cost management process and defines the process mapping conventions used in the Framework. The pursuit of improved productivity and quality has been driving force of worldwide business management for decades. This pursuit has driven enterprises to identify their work processes and continually improve them through process management and process reengineering. At the same time, global mergers, acquisitions, and reorganizations in the digital age have created continual disruption, deconstruction, and rebirth in the economy.


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