Cost Management Strategies of Cost Control, Cost Reduction, Value Re-engineering, Budgetary Control have played a vital role in enlarging 'value creation' in Indian industry and enhancing its' competitiveness and thus, become an integral part of the corporate strategy.
As a leading professional institute in India, specialized in the field of Management Accountancy ICWAI is presenting the 'ICWAI National Award for Excellence in Cost Management-2007'.
A high profile Jury members led by the former chief Justice of Supreme Court of India, Justice J S Verma, chose the winners after the comprehensive selection process.
The criteria for selection were better applications of Cost Management Systems, Efficiency Parameters like Capacity Utilization, Manpower, Material, Power & Fuel Consumption & Cost Management etc.