Standard Cost and Cost Management
Sheng Liu · Electric Power Technologic Economics · 2008
State Grid Corporation of China ( SGCC) requires its affiliated companies to establish a standard cost system and implement strategic cost management, operation cost management and all-process cost management, and realize transition of the cost management pattern. Standard cost management is an important means to upgrade cost management. The standard cost system features the pre-determined consumption or expenditure norm which results from scientific process evaluation and estimation of the time to be taken. Based on the main features and principles of standard cost management, this paper comes up with the implemental steps.