Performance Management Solutions

Activity Based Management Examples

ABM in the Financial Services Industry

Driving the Business Forward with Activity Based Management at Skandia Life Assurance UK

Skandia Life Assurance UK Limited is one of the most successful organisations in the financial services sector, having grown substantially due to innovative product ranges and excellent management business control.

In the last few years a period of rapid growth has been experienced which led managers to consider the benefits of delivering Activity Based Costing information on a more regular basis than was originally introduced.

Skandia Life UK recognised that critical to organisational success in this environment of rapid growth was for managers within the organisation to understand performance against plan on an on-going basis and as a result engaged in a major ABM project which is now embedded in the business.

Activity Based Management information is produced at Skandia Life on a quarterly basis and now forms the bedrock of management information. This is the basis for true Activity Based Management.

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