Economic Impact of Cost Management Institutionalization
The essence of the institutionalization of cost management practice with multi-disciplinary perspective is founded on its importance and relevance to the efficient Management of economic resources. It would therefore impact positively on the economy in the following ways:
- Enhanced profitability and efficiency in governance
- Growth and development stimulation
- Achievement of Financial Discipline through positive cost management mindset.and development stimulation
- Optimization of Resources
- Improved and Realistic operational Statistics
- Global competitiveness
- Confidence and Credibility
- Good and transparent governance
- Improved productivity and performance
- Professional Development
- Job opportunity
- Support Corporate Value Quest
- Champion government cost management policy
Visible Benefits Since The Existence Of The Institute
The existence of the institute has resulted in the following:
- Injection into the economy men and women with cost management mindset
- Produced professional specialization in cost management
- Achievement of Financial Discipline through positive cost management mindset.and development stimulation
- Generated the much needed cost management awareness and sensitization for optimum resource utilization
- Impacted on over five thousand (5,000) Nigerians cost management, knowledge, skill and attitude of world class within one year of its existence.
- Made positive contribution in economic discuss towards the development of the home grown economic blue print.
- Provided employment to Nigerians
