The key objective of PwC’s “Cost Controller” technique is to assist clients in the Investment Management Industry establish effective Cost Control by monitoring and understanding cost drivers for Core Processes.
“Cost Controller” assigns costs to processes, equipment and people to determine the cost of supporting individual customers, products, and distribution channels. The results are compared with predicted cost levels and used to identify opportunity for Rapid Cost Reduction, to conduct Cost/Benefit Analyses and implement Quick-Win Action Plans.
“Cost Controller” recognises that a clear understanding of costs and a reliable knowledge base are essential to empower management to make informed decisions that will drive Profitability, promote Operational Efficiency and sustain Competitiveness.
Aim
- To promote Profitability and sustain Competitiveness through effective Cost Control
- To establish Cost Transparency and Operational Efficiency
- To identify the reasons for significant Cost Overruns
- To create a reliable Knowledge Base that supports informed Operational Decisions
- To identify opportunities for Rapid Cost Reduction
- To evaluate the cost effectiveness of Core Processes
