Developing an integrated multi-discipline and cross-functional cost management practice for the maximization of bottomline and performance.
The involvement of all functions in the value chain of organizations/institutions in the appreciation of cost as a vital focus for economic development is a distinguishing feature of the cost management practice of the institute. Hence the membership of the institute is drawn from all discipline without professional domination to allow for the wide application of the profession. What this means is that a member of the Institute could remains in his or her primary functional role in his or her organization but by virtue of the professional exposure in Cost Management skill and knowledge he or she would bring to bear cost management in doing his her work except those who have chosen to specialize completely and take up cost management direct role in the organization. So you would have cost management application in medical field, engineering designs and management, administration and Personnel field, etcetera.