SYNOPSIS:

Title of the project: A Comparative study on Efficiency of Cost Management at

Bharath Earth Movers Limited.
PROBLEM DEFNITION:
Every business aims at enhancing profits and shareholders wealth by improving the net
operating income and earnings available to common shareholders. This can be made possible
either by maximizing sales revenue or minimizing costs. In a competitive market with multiple
products and substitutes backed by brand consciousness and quality, increasing the selling price
may adversely impact the sales volume and market share. Ideally it is the cost area which is the
focal point of consideration in terms of analysis and action. The common problem faced by every
business is to prioritize cost control which is a short term goal or cost reduction which is a long
term planning and aims at reducing cost per unit. This research aims mainly to study the cost
control and cost management techniques, its application in the processes used, materials
acquired, etc. and the impact it has on the cost after implementation.
OBJECTIVE OF THE STUDY:
The main objectives of this project are:
To understand the past and present cost scenario in Bharath Earth Movers Ltd.
To analyze and compare the individual costs that has been incurred by the company
for a period of 5 years.
To calculate the savings that result due to cost control and cost management in
Bharath Earth Movers Ltd.
To suggest effective methods for cost control, cost management and cost saving that
can be implemented in BEML.
To determine the trend for the past 5 years.
SCOPE OF THE STUDY:
For the purpose of comparative analysis all major costs are considered.
For the purpose of cost saving, emphasis is given to the cost of manufacturing
plant.

 Conducting comparative and budgetary analysis.

Estimation of cost control and cost management.
Comparison and interpretation
METHODOLOGY AND REFRENCES:
Following are the methodology adopted
1. Budgetary analysis
2. Trend Analysis
Primary Data is collected by the interaction by the company manager and employees. Secondary
data is decided to collect from the company website.