Cost drivers and a process perspective,are two of the main differences between contemporary and conventional approaches to cost management.

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Contemporary approaches to cost management focus on identifying and managing cost drivers, which are the activities and factors that cause costs to occur. They also take a process perspective, which involves analyzing and improving the various processes within an organization to reduce costs and increase efficiency. In contrast, conventional approaches to cost management often rely on simply reducing costs across the board without considering the underlying causes or processes.

Cost Drivers and a Process Perspective,are Two of the Main