28 July 2016 12:00 am
The Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka), the national professional management accounting institution in Sri Lanka incorporated by the Act of Parliament No. 23 of 2009, in association with the Confederation of Indian Industry (CII) – Total Cost Management Division (TCM) will be signing a Memorandum of Understanding (MoU) tomorrow at Taj Samudra Hotel followed by an awareness programme on total
cost management.
Signing of the MoU with CII-TCM will focus on sensitizing the Sri Lankan industry on the concept of CII-TCM Maturity Model and eventually take the model through pilot studies in the Sri Lankan industry as the way forward and also the implementation of total cost management services
to the Sri Lankan private and public sectors and industrial companies to make them
cost competitive.
The awareness programme will cover introductions to TCM and TCM Maturity Model and TCM Maturity Model modules, which will be conducted by CII-TCM member A.N. Raman and CII-TCM Senior Counsellor M. Nagesh Babu.
The TCM Maturity Model defines, measures, assesses and reports cost maturity of organisations in keeping with the following pre-defined process: The TCM Maturity Model provides sufficient leads towards achieving cost excellence in business, which can lead to quantified saving potential in the business and makes them competitive.
This awareness programme is meant for CEOs, CFOs, management accountants, COOs, CIOs, business and strategy heads in the private and public sector industrial sector.
Those interested could contact the CMA Secretariat (Shanthion) 071-4705536 or e mail: registrations@cma-srilanka.org.