What are the benefits, purposes and goals of Activity-Based Costing/Management?
The Fish and Wildlife Service is using the ABC/M tool because it: • Provides greater visibility to manage costs of programs across regions and to improve efficiencies • Allows managers to manage by the work being performed rather than by budget and to refocus resources on activities that provide the “best bang for their buck” • Provides a way to measure program performance • Justifies budget requests (OMB allocates funding based on performance) and assures budget supports the best value results • Supports the implementation of the President’s Management Agenda for Budget and Performance Integration, and enhances the organization’s ability to meet other external requirements such as GPRA, the CFO Act, and the Clinger-Cohen Act by providing full cost for activities and programs • Supports the development of Standard Operating Procedures (SOP’s) across the seven FWS regions and CNO • Is a necessary and significant step in the development of a performance management system • Provides a mea
