Review the Value Chain Functions Exhibit 13-2 on page 507 of Accounting: What the Numbers Mean. Develop a value chain specific to projects you manage. This might involve you changing the diagram to have different components. Once you have the project-driven value chain, determine the cost management initiatives that should take place along the value chain. Post your response, and then please add your thoughts to another students cost management initiatives to expand on the way he/she sees the ability to manage cost in a his or her projects.

Exhibit 13-2 Value Chain Functions Product/Service Idea Cost Management Initiatives . is the cost of generating new ideas and Research and experimentation justified development What portion of the operating budget should be used for R&D How much is the competition spending? Design . Can a product or process flow be designed with a resulting cost that allows effective competition in the market and that generates appropriate ROI Production 000001 . What is the cost of acquiring raw materials and Converting them into a finished product How much should it cost to produce cach unit? Should the production of certain product component parts be outsourced Marketing What is the cost to promote and sell the firm's products Is the use of an Internet website a cost-effective marketing strategy? Distribution How much is delivery costing per mile? Per pound . Are more effective carriers available for certain deliveries Customer service What is the after-sale cost of product support activities? What is the cost of an unsatisfied Customer Desired BOI An antire un ww.dh dotad in d ie ant moment initiation Exhibit 13-2 Value Chain Functions Product/Service Idea Cost Management Initiatives . is the cost of generating new ideas and Research and experimentation justified development What portion of the operating budget should be used for R&D How much is the competition spending? Design . Can a product or process flow be designed with a resulting cost that allows effective competition in the market and that generates appropriate ROI Production 000001 . What is the cost of acquiring raw materials and Converting them into a finished product How much should it cost to produce cach unit? Should the production of certain product component parts be outsourced Marketing What is the cost to promote and sell the firm's products Is the use of an Internet website a cost-effective marketing strategy? Distribution How much is delivery costing per mile? Per pound . Are more effective carriers available for certain deliveries Customer service What is the after-sale cost of product support activities? What is the cost of an unsatisfied Customer Desired BOI An antire un ww.dh dotad in d ie ant moment initiation