BoB to have cost con­trol frame­work

Banking Frontiers - - Project Pipeline -

Bank of Bar­oda is to ap­point a con­sul­tant to ad­vise it on im­ple­men­ta­tion of a ‘Unit Cost­ing, Prod­uct Prof­itabil­ity and Ex­pense Con­trol Frame­work’. The bank wants to im­ple­ment the project in two phases: de­sign of the Unit Cost­ing, Prod­uct Prof­itabil­ity and Ex­pense Con­trol Frame­works and a well-de­fined dash­board for re­port­ing the same to the top man­age­ment and im­ple­men­ta­tion and in­sti­tu­tion­al­iza­tion of the frame­works. The con­sul­tant would be re­quired to en­sure that the unit cost­ing ex­er­cise is com­pre­hen­sive and cov­ers all costs across the bank. The con­sul­tant will have to iden­tify all the costs and ac­tiv­i­ties at the most gran­u­lar level prac­ti­cally pos­si­ble, and en­sure that the de­signed frame­work is best in class.

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