Driving Value Using Activity-based Budgeting by James A. Brimson
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Driving Value Using Activity-based Budgeting
By James A. Brimson

Driving Value Using Activity-based Budgeting

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Format: Hardback

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Driving Value Using Activity-based Budgeting by James A. Brimson

Book Description

A practical guide to the ABCs of ABB This unique resource takes an in-depth look at creating value through activity-based budgeting (ABB). As most organizations are dissatisfied with some aspects of their performance, ABB has become an increasingly popular process for which many companies are abandoning traditional methods that no longer meet their demands. Emphasizing the importance of budgeting by activities and features rather than by cost elements, Driving Value Using Activity-Based Budgeting offers a complete overview of feature costing, a technique used in conjunction with ABB, as well as the underlying principles of ABB, including linking strategy to activities, forecasting revenue, capacity management, and gap analysis. With numerous examples and case studies, it shows how to use state-of-the-art tools for achieving strategic goals, such as customer survey, core competency analysis, benchmarking, house of activities, reverse engineering to cascade strategy so everyone can act to create value for the organization. In today's highly pressurized business environment, creating value is the number one priority for organizations. The key to achieving this is having a budget and accounting system that supports long-term goals. More and more organizations are now turning to activity-based budgeting (ABB), an innovative approach that can help organizations become more competitive by linking the budgeting process to organization strategy. Explaining the importance of budgeting by activities rather than by cost elements, this groundbreaking resource--the first book of its kind--is a practical how-to that covers the essentials of Driving Value Using Activity-Based Budgeting. Beginning with an overview of the fundamentals behind driving value, James Brimson and John Antos examine what exactly value is, how it is created, and why traditional planning and budgeting often lead to the destruction of value. Following a clear outline of the problems posed by the traditional budgeting process, the authors go on to explain that many companies have contemplated abandoning it altogether. In doing so, however, they must set performance targets and identify actions to achieve the targets: "Once those actions are implemented, there is a need to monitor the execution. Therefore, to drive value creation, organizations are implementing activity-based budgeting (ABB)." This comprehensive guide offers in-depth coverage of ABB and feature costing, a technique used in conjunction with ABB. ABB creates value by translating the business strategy into the activities necessary to implement that strategy. Feature costing creates value by understanding sources of product and customer variation and relating this variation to expected workload. Along with the benefits of using ABB and feature costing, Driving Value Using Activity-Based Budgeting addresses such essential topics as: Translating strategy into a process and activity framework--performing activities and cross-functional processes that support strategy and assessing current performance against strategic goals Forecasting revenue, volume, and workload--customer demographics and needs, the competition exploding a bill of activities, determining workload for special projects Capacity management--capacity defined, managing capacity, capacity management methodology, handling excess capacity Getting started--creating a business process budget, budget review panels, rank and select activities, cost budgeted activities Filled with numerous examples and case studies, a complete glossary, and an appendix of target-setting techniques, this is must reading for everyone in your organization since all participants must continually ask themselves how they create value.

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Book Details

ISBN: 9780471086314
ISBN-10: 0471086312
Format: Hardback
(231mm x 162mm x 25mm)
Pages: 288
Imprint: John Wiley & Sons Inc
Publisher: John Wiley and Sons Ltd
Publish Date: 12-Jan-1999
Country of Publication: United States

Books By Author James A. Brimson

Activity-Based Management for Service Industries, Government Entities and Nonprofit Organizations by James A. Brimson Activity-Based Management for Service Industries, Government Entities and Nonprofit Organizations, Paperback (January 1999)

While activity-based accounting is based on the activities an organization uses in their business process, activity-based management takes this a step further. This text presents the topic for manufacturing groups to the service industries, government entities and nonprofit organizations.

Activity Accounting by James A. Brimson Activity Accounting, Paperback (July 1997)

New costing procedures for a new economic age Increasing global competition is causing upheaval in every area of industry and commerce. An explosion in the use of advanced technologies is continuing to fundamentally revolutionize the way we go about doing business.

» View all books by James A. Brimson

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Author Biography - James A. Brimson

JAMES A. BRIMSON is President of Activity-Based Management-International, Inc., an international confederation of consulting, training, and software companies that specialize in activity-based management. He is the author of Activity Accounting: An Activity-Based Costing Approach (Wiley), coauthor of Activity-Based Management for Service Industries, Government Entities, and Nonprofit Organizations (Wiley), and coeditor of Cost Management for Today's Advanced Manufacturing: The CAM-I Conceptual Design. JOHN ANTOS is President of Value Creation Group, Inc., an international organization specializing in activity-based management and activity-based budgeting. He teaches activity-based management, activity-based budgeting, economic value added, balanced scorecard, performance measures, and process management. He is the coauthor of Activity-Based Management for Service Industries, Government Entities, and Nonprofit Organizations (Wiley).

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