Teaching Hours and Credit Allocation: 16 Hours, 3 Credits
Course Assessment: Exam & Coursework
Cost management is the process by which companies control and plan the costs of doing business. Efficient cost management is considered critical in modern industrial environments as it is reflected in reduced production costs, as well as increased value being delivered to the customer. Within this module, students will study management concepts and methods and how managers use cost management information to make better decisions and improve their enterprise’s competitiveness.