Scope

FullCost can be implemented for just one department, and later evolve into an enterprisewide process. As other departments adopt FullCost, they'll pay only the marginal cost of additional seats.

It is best to apply FullCost to an entire department. This permits proper amortization of overhead and other support services. If time is limited, it's better to cut back on granularity than scope.

Start Small and Grow

You may start with a simple, high-level implementation and then add detail later. Lower levelsdeliver fewer benefits, but can be implemented more quickly.

Then, more benefits can be realized in subsequent years as the process evolves. Each maturity level builds upon the last and all utilize exactly the same software, so your investment in FullCost is never lost.

We can advise you on the minimum level needed to achieve your objectives.

Training and Consulting

Timing

FullCost may be done just prior to budget submission, to develop the following year's budget.

However, the process may also be done mid-year, reverse-engineering the current budget to clarify what's funded and what's not. While a mid-year process typically does not alter the total budget, the clarity it brings about what's funded matches clients' expectations to available resources, an important benefit.

The mid-year process has the added advantage of permitting a learning curve without the hard deadline of a budget due-date.

Of course, the mid-year process prepares the organization to do the following year's budget quite easily.

FAQ: Don't we need to get our cost tracking in line before implementing FullCost?....