CMA Sri Lanka signs MOU with Confederation of Indian Industries TCM division

Thursday, 24 March 2016 00:00 - - {{hitsCtrl.values.hits}}

The Institute of Certified Management Accountants of Sri Lanka (CMA) the National Professional Management Accounting Institution in Sri Lanka incorporated by Act of Parliament No. 23 of 2009 in association with Confederation of Indian Industry (CII) – Total Cost Management Division (TCM) will be signing an MOU followed by an awareness program on Total Cost Management on 29 March at Hotel Taj Samudra.

Signing of the MOU with CII – Total Cost Management Division (TCM) will focus to sensitise the Sri Lankan industry on the concept of CII-TCM Maturity Model and eventually take the model through pilot studies in the Sri Lankan industry as the way forward and also the implementation of Total Cost Management Services to Sri Lankan private and public sector and industrial companies to make them cost competitive.

The awareness program will cover the Introduction to TCM, Introduction to TCM Maturity Model and TCM Maturity Model modules which will be conducted by CII-TCM member A.N. Raman and CII-TCM Senior Counsellor M. Nagesh Babu.

TCM Maturity Model defines, measures, assesses and reports cost maturity of organisations in keeping with below pre-defined process:

TCM Maturity Model provides sufficient leads towards achieving cost excellence in business, which can lead to quantified saving potential in the business and make them competitive.

This awareness programme is meant for CEOs, CFOs, Management Accountants, COOs, CIOs, Business and Strategy Heads in private and public sector industrial sector.

Those interested could contact the CMA Secretariat Shanthi on 071-4705536 or e mail: [email protected].