Focuses on how to strategically analyze the overall existing cost base and then take the systematic and long lasting steps to get on top of costs to ensure that they are appropriate and reasonable.

To demonstrate the impact of reducing and controlling expense in the overall mix of financial or profit levers that can be 'pulled'
 

1. Classifying expenses

2. Calculating changes in expenses

3. Assessing cost behavior and cost drivers

4. Examining activity-based management

5. Questioning the traditional ways of and adopting a strategic approach to cost reduction

6. Identifying and eliminating all non value-added costs

7. Measuring all expense ratios following changes