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Improving in cost management in Campha thermal power joint-stock company | |
Author | Luu Manh Thang |
Note | A project submitted in partial fulfillment of the requirements for the degree of Master of Business Administration (Executive) in International Business – Management of Technology (VN), School of Management |
Publisher | Asian Institute of Technology |
Abstract | According to statistics, there are 15 enterprises electricity production are listed on the Vietnam stock exchange and most have positive business results over the past year (2012). Include more than half of the enterprises directly under the Electricity of Vietnam Group (EVN). According to the analysis of the Vietnamese securities companies, overall gross profit margin of enterprises producing electricity in 2012 were high, averaging 55%. At the same time the average selling price in 2012 was up 5% of the profit of power producers have increased sharply. The increase in electricity prices of EVN will definitely increase the revenue of the enterprises producing electricity in 2013. However, the profitability of individual enterprises has increased or not depends heavily on the management, investment and operation costs. The electricity company in 2013 has many advantages when approved by the Government to increase electricity prices. The most important sector of the company is to good management in order to minimize wastage and reduce operating costs stop production. And that is the main reason of this research. This research paper aims to analyze and identify shortcomings and key successful factors of cost management in Campha thermal power joint-stock company. Cost management of Campha thermal power joint-stock company was analyzed in this research in order to identify problems and root causes in cost management and on basis of that the strategic objectives, action plans are designed and performed to assure bottom line of Campha thermal power joint-stock company. This research was conducted on basis of available data of Campha thermal power jointstock company and documents retrieved from internet. The tight cost management became very essential in the more intensifying competitive environment so the most general recommendation for Campha thermal power joint-stock company in the current stage is that it has to implement immediately management accounting system and specially, cost management system. |
Year | 2013 |
Type | Project |
School | School of Management (SOM) |
Department | Other Field of Studies (No Department) |
Chairperson(s) | Swierzcek, Fredric William;Huynh Trung Luong |
Examination Committee(s) | Soegaard, Raggnar |
Scholarship Donor(s) | VINACOMIN, VIET NAM |