Consortium for Advanced Management – International (CAM-I)
Creating an International Center of Excellence in Higher Education Cost Management
Back in 1972 computing power was either very limited or, in most organizations, non-existent. Data was stored physically – on paper, or in alphanumeric card systems in filing cabinets and storage trays. Thousands, billions, of items all organized manually. There were storage costs, manual stock takes, updates of card and paper based systems – constant manual input and, inevitably, errors.
Today such fallible data storage is but a distant memory in most places around the world. Yet, it was in 1972 that a small group of far sighted visionaries established CAM-I (Consortium for Advanced Management-International) to address the range of complex theoretical, and at the time, radical, data storage and analytical concepts that now underpin the industry norm.
CAM-I continues to evolve, and expand its interest groups, theories and ground breaking strategies to test, challenge, expand and maximize the value of modern computing power.
A not for profit organization, its mission is to:
“serve as a collaborative forum of thought leaders who develop practical and effective management tools, techniques and methods to advance the way organizations manage costs, processes and performance.”
CAM-I has a large and diverse membership, including the Boeing Company, Pace International, Cambia Health Solutions, Hitachi Capital (UK) PLC and Barclays Bank PLC.
In the Higher Education space, its thought leaders include Arizona State University, Babson College, Kellogg (Northwestern), London School of Economics, The University of Akron and Weber State University, all of which participate, either as members, or contributors, to the extensive CAM-I intellectual property in areas such as risk management, costing and budgeting.
CAM-I constantly innovates new ideas through a range of projects. Current initiatives include:
- Cost & Profitability
- Integrated Risk & Value Management
- Demonstrating Value in Business Support Functions
- Performance Management & Transformation Management
- Forecasting for procurement of complex acquisition
CAM-I success stories include projects on areas including:
- Change Adaptation & Learning
- Process Based Management
- Business Intelligence
- Closed Loop Planning & Budgeting
- Operational Data and & Cost Measurement
- Customer Profitability
- Capacity Management
- Resource Consumption Accounting
Building a Center of Excellence in Higher Education Cost Management
As part of the constant evolution, and commitment to the Business and Higher Education sector, CAM-I is establishing a Center of Excellence in Higher Education Cost Management (CAM-I COE).
The mission of the CAM-I COE will be to explore, and seek to resolve, some of the more intractable questions across the Higher Education space.
As it evolves, CAM-I (COE) will be seeking to expand its work with experienced Higher Education executives. Their experience and expertise will contribute to discussions, and papers, that will further enhance the international knowledge base. The combined outcomes will assist member organizations to either start their journey in cost management, data analytics and operational planning , or further enhance the power of their current systems.
As we know, the world has rolled on significantly in computing power, data management and analytics since 1972. Yet informed, effective, systems management is all too often still tied to the past.
The volume and type of data available to senior management in all industries, including Higher Education, grows exponentially, and is often an untapped wealth within the organization.
The correct capture and understanding of your organization’s data, supported by the concepts developed by CAM-I , can assist you to better manage your organization, including reducing those pain points.
Be involved! If you are a Higher Education institution, and would like to benefit from attending the quarterly meetings in the United States, hearing expert speakers, access the vast trove of intellectual property held by CAM-I, or simply exchange ideas, then please contact Ashok Vadgama (firstname.lastname@example.org) (phone 512-617-6428 or mobile 512-296-6872) to discuss becoming a member.
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