What is one of the core responsibilities of a Cost Center Manager (CCM)?

A Cost Center Manager (CCM) primarily focuses on regulating the daily consumption of resources within a specific department or cost center. This role is crucial for ensuring that resources, such as labor, materials, and overhead, are utilized efficiently and effectively to control costs. The CCM monitors and manages expenditures to adhere to budgets and optimize resource allocation, which helps the organization maintain profitability and operational efficiency.

In contrast, managing the overall budget for the organization typically falls under the responsibilities of higher-level management or a financial manager, who takes a more holistic approach to budgeting that encompasses all departments. Similarly, overseeing financial audits involves ensuring compliance with financial regulations and standards, which is generally the responsibility of an auditing team or finance department, rather than a cost center manager.

Coordinating training for financial personnel is often handled by human resources or a training department, as it pertains to employee development rather than direct oversight of cost management within a specific area of the organization. Thus, regulating daily resource consumption is the core responsibility that aligns with the role of a Cost Center Manager, making it the correct choice.