Inactivity Based Cost Management (ibcm) - Jayaraman Iyer

Inactivity Based Cost Management [IBCM]©

The theme of the book is: Activity is a Cost Incidence whereas Inactivity has a Cost Consequence. IBCM is Measuring Intangible:Governance,Ethical & Fiscal Responsibility and Accountability. Cost consequence is relevant for only one day, i.e. today, as a corollary Governance is feasible for only one day, i.e. today.
Do you run a Government, a Corporate, a Financial Institution, a Regulatory Body, invest funds as PE or stakeholder or public and private project manager, or exercise your rights to elect a representative to the national legislature? Are you not interested to know how they measure up to your expectations of fiscal responsibility? Look around to see what you have failed to measure the Cost Consequence. IBCM gives you what Galileo said “ Measure what is measurable, and make measurable what is not so.” Measure the Cost Consequence of your decisions TO-DAY.

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Jayaraman Rajah Iyer

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