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VM and other Methodologies > Activity Based Costing
Author : Dr. Paul Scarbrough, Goodman School of Business, Brock University
Description :

Activity Based Costing is a powerful tool that focuses on the management of activities as a route to improve both performance and the value received by customers. Value Analysis is a technique that helps identify and clarify user needs and develop alternative ways to meet those needs. It is the use of Function Analysis that makes Value Analysis unique from other problem solving techniques. Combining Activity Based Costing with Function Analysis significantly improves the chances of a successful outcome with ABC.

 
What is an Activity? There is nothing in traditional accounting that addresses this question, yet failure to effectively identify activities is one of the main contributors to ABC problems. The Value methodology is the most powerful tool we have to define Activities precisely—because an Activity is, in essence, a function.
 
Additionally, the Value methodology assists in focusing ABC on the specific Activities needed to solve business problems.  It is often assumed that activities are obvious and do not need special effort to identify, however, many Activities identified by the ABC implementation are not focused on solving business problems. Although they may be real Activities, they are not controllable in the decision horizon, and so, of no use to measure separately. The Value methodology is the only tool that gives control over these two underlying issues in ABC.
 
In this session I will provide a roadmap to integrating the Value methodology into your ABC plans.
Author : Paul Scarbrough
Description : What is an Activity? There is nothing in accounting that addresses this question, yet failure to effectively identify activities is one of the main contributors to ABC problems. The Value method is the most powerful tool we have to help define Activities—because an Activity is always related to a function. Additionally, the FAST Value methodology assists in addressing the other big problem with ABC, which is the expensive proliferation of Activities beyond the number needed to solve business problems.
Author : Gil Goyette
Description :

Public Works and Government Services Canada has undergone two changes recently. The first is a change of name: from PWGSC to Public Services and Procurement Canada (PSPC). The second is a major change in its office facilities. PSPC wished to adopt an ABW (Activity Based Workplace) model for the design of its new offices. In addition, supported by a latest-generation software, PSPC will operate on a "hoteling" principle, hence by reserving work areas, thus allocating no fixed work area for its employees. This presentation explains how the Functional Performance Specification process was used to define PSPC's planning needs and provide guidance for the design of the new workplace. The speaker will discuss how PSPC staff were actively involved in the construction of their FASTs and how characterization was produced to circumscribe planning and environmental requirements for the new work environment.

More information on Functional Performance Specification, also known as a Benefits Breakdown Structure can be found at http://www.valueanalysis.ca/fps.php

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