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Definition of


General Management abbr

management based on cost of activities activity based management: a management control technique that focuses on the resource costs of organizational activities and processes, and the improvement of quality, profitability, and customer value. This technique uses activity based costing information to identify strategies for removing resource waste from operating activities. Main tools employed include: strategic analysis, value analysis, cost analysis, life-cycle costing, and activity based budgeting.

Definitions of ’ABM’ and meaning of ’ABM’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’ABM’ and other financial terms with our online QFINANCE Financial Dictionary.

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