A framework for cost-aware process management : generation of accurate and timely management accounting cost reports

Wynn, Moe T., Low, Wei Zhe, & Nauta, Wiebe (2013) A framework for cost-aware process management : generation of accurate and timely management accounting cost reports. In Ferrarotti, F. & Grossmann, G. (Eds.) Conceptual Modelling 2013 : Proceedings of the Ninth Asia-Pacific Conference on Conceptual Modelling [Conferences in Research and Practice in Information Technology, Volume 143], Australian Computer Society, Inc., University of South Australia, Adelaide, SA, pp. 79-88.

View at publisher


Organisations are constantly seeking efficiency improvements for their business processes in terms of time and cost. Management accounting enables reporting of detailed cost of operations for decision making purpose, although significant effort is required to gather accurate operational data. Business process management is concerned with systematically documenting, managing, automating, and optimising processes. Process mining gives valuable insight into processes through analysis of events recorded by an IT system in the form of an event log with the focus on efficient utilisation of time and resources, although its primary focus is not on cost implications. In this paper, we propose a framework to support management accounting decisions on cost control by automatically incorporating cost data with historical data from event logs for monitoring, predicting and reporting process-related costs. We also illustrate how accurate, relevant and timely management accounting style cost reports can be produced on demand by extending open-source process mining framework ProM.

Impact and interest:

2 citations in Scopus
Search Google Scholar™

Citation counts are sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

Full-text downloads:

453 since deposited on 24 Oct 2012
25 in the past twelve months

Full-text downloads displays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.

ID Code: 54268
Item Type: Conference Paper
Refereed: No
Keywords: business process management, management accounting, process mining, cost mining, cost reporting
ISBN: 9781921770289
Subjects: Australian and New Zealand Standard Research Classification > INFORMATION AND COMPUTING SCIENCES (080000) > INFORMATION SYSTEMS (080600) > Conceptual Modelling (080603)
Divisions: Current > Schools > School of Information Systems
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2013 Australian Computer Society, Inc.
Deposited On: 24 Oct 2012 00:56
Last Modified: 10 Apr 2014 12:37

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page