"Mastery over detail is intelligence in action." Being leaders in cost strategy solutions, Focost focuses on, and specializes in, ABC, ABM and related CE applications. It has become evident that ABC and ABM systems give visibility to how effectively resources are being used and how all activities contribute to the cost of a product or service. Cost Engineering(CE), is the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis. CE applications focuses on budgeting, planning and monitoring investment projects to seek the optimum balance between cost, quality and time requirements (for more details, refer to Services Rendered page and Activity Based Costing & Management and Cost Engineering – Read More further below). "ABC systems have the flexibility to provide special reports so that management can take decisions about the costs of designing, selling and delivering a product or service. The key aspect is that ABC focuses on accumulating costs via activities, whereas traditional cost allocation focuses on accumulating costs within functional areas. The main advantage of ABC is that it minimises or avoids distortions on product costs that might occur from arbitrary allocation of overhead costs.” (CIMA).

What is ABC (Activity-Based Costing)?

“Definition of terms is the beginning of wisdom. (Albert Einstein).
Many different terms are used by businesses to describe cost allocation in practice.

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What is ABM (Activity-Based Management)?

Using an Activity-Based Costing (ABC) system to improve the operations of an organization is Activity-Based Management (ABM) and a continuum of value. In the broadest terms,

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Why adopt and implement ABC & ABM?

Adherents of ABC/ABM systems claimed traditional management accounting systems generated misleading costs in a contemporary, often changing business environment

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Training, Education, Development

Knowledge precedes application. Focost believes in: "I am thankful for all of those who said NO to me. It’s because of them I’m doing it myself.”(Albert Einstein).

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 Who is Focost?

Who is Focost?

"Though no one can go back and make a brand new start, anyone can start from now and make a brand new ending.” (Carl Bard). Focost (Pty) Ltd is a Gauteng based company in the management consulting industry in South Africa and considers itself to be “Leaders in Cost Focus Strategy", nationally and internationally. Focost is specializing in Activity-Based Costing (ABC) and Activity-Based Management (ABM) in conjunction with various Cost Engineering (CE) applications. "What cannot be measured, cannot be controlled.” In current and expected future ever changing, intricate, volatile and demanding business requirements, cost in all organizations has become a much more focused and emphasized component of all enterprises. Being leaders in cost focus strategy, Focost promotes best cost modelling solutions and build cost strategies to ensure improved profitability and sustainability in organizations. Focost professionally provides in the needs of organizations who want to understand better what their cost strategies and systems ought to be through applying in depth knowledge, experience, competencies, skills and academic/professional institutes' qualifications to find solutions for improved cost control and gain better understanding of how their cost strategy integrates, and is in congruence, with their organisation's overall strategy goals. Results have been good. It is possible and have been achieved by some organisations who identified improvement opportunities, that a first year payback of 15-20 times the investment in the ABC & M project, is achievable. We believe in the approach of learning by doing as this enables the organisation to develop its own internal team and eliminates the need for full time outside support.

Our Approach and strategy

"Challenges are what make life interesting and overcoming them is what makes life meaningful” (Joshua J. Marine). Working with professionals is a pleasure. You don't have to look any further than Focost to see examples of true professionals. Focost subscribes fully to the following professional rules of conduct and ethics in their approach to add value for our clients and staff through our world class services rendered: 1.We put customers’ satisfaction first as professionals, we identify and satisfy our customers’ needs. We always endeavour to understand and satisfy our customers’ needs which are the cornerstones of a successful business. We do what is necessary to meet those needs. After all, without our customers, there are no Focost professionals. 2. We make expertise our specialty because we are professionals. We are experts in what we do in Focost. Therefore, we are experts in the skills and tools necessary to do our jobs, always perform to the best of your abilities and keep our knowledge up to date. As professionals we know our trade. 3. We do more than expected. As professionals, we are not bound by a time clock. We give ourselves a wide latitude in our daily management of all our projects. We produce results, valid, complete, accurate and on time. We always strive to complete deliverables before due date, under their budget and meet or beat expectations whenever possible. 4. We do what we say, and we say what we do. Because we are professionals, we deliver on promises and commitments made. 5. We communicate effectively. Focost believes that effective communication is ultimately our responsibility. Whether verbal or written, we communicate clearly, concisely, thoroughly and accurately, taking the necessary time and efforts to explain the available options, make our recommendations, state our total costs and promise/commit to a date when all the agreed work can be completed. 6. We follow exceptional guiding principles. Focost appreciates their customers and staff and those that they work with. Therefore, in line with our core values, we practice good manners and good etiquette, have high ethical, integrity and moral standards, are honest and fair in all our dealings, obey the law and adhere to high values and principles 7. We have praise for our peers and customers. We respect and acknowledge the talents of our peers and customers. As professionals we are humble and generous in our praises. 8. We share our knowledge. Information and knowledge are not limited resources. Information and knowledge are combined in an ocean of facts and not in streams of data. Generally, Focost believes in sharing what we know and simply apply ourselves and learn something new daily. 9. Focost says thank you. Professionals thank others in a meaningful way that most benefits the recipient and that's exactly what we do in Focost. 10. Focost believes in keeping a smile and the right attitude in our hearts. Professionals are pleasant even during trying times. We at Focost, always strive to follow and practice this principle. Our overall strategy is based on 5 ways to victory, namely, • To know when to fight and when not to fight • To know how to match a small force against a large one • To have the whole-hearted support of all the men • To seize every possible advantage or opportunity • To be able to lead and command. (Sun Tse.)

Professional Conduct and Services Rendered

Focost renders it’s professional services in compliance with generally accepted Professional Code of Conduct, based on professional Principles, Rules & Ethics. Our service rendering includes, but is not limited to • ABC & M specialization • Cost Engineering applications • Management consultation •

Activity Based Costing & Management and Cost Engineering

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