Rising cost awareness

Rising cost awareness

Experience No.: 44

As the business cycle is drawing to an end, it is increasingly important to pay careful attention to cost management. Of course, this does not mean that expenditures must be cut to the bone – good ideas should definitely not be stifled and quality must not suffer. Instead, it is critical to ensure that investments are specifically made in areas where cost savings can be generated quickly while maintaining the same level of quality. The focus here is on the anticipated benefit and ROI calculation.

The articles in this issue of ERNI Experience demonstrate how you can achieve a major boost in efficiency by making carefully planned investments into quality assurance, project management and stakeholder management, or how optimised tool deployment can effectively accelerate your development processes.

When economic headwinds are gaining in force, the cost savings potential must be precisely evaluated during every decision-making process while taking all relevant factors into account, ranging from the investment itself to the proven benefit. It has been shown repeatedly that significant savings can be generated based on well-targeted investments into innovation in processes and technologies.