Cost Centers are units within companies responsible only for their costs. Example of cost centers are the production departments and the service departments within a factory and administrative departments such as IT and accounting. Profit centers are units within companies with control and responsibility over its revenues, costs and resulting profits. Being in a cost center can feel like the dog wagging the tail. You are not part of the team bringing in the revenue, you’re consuming “resources”. When the business performs well, likely you won’t get the credit. When the business performs...
Michael Vizdos
Michael Vizdos is a CST (Certified Scrum Trainer) with the Scrum Alliance and delivers consulting, training, and mentoring services internationally. Michael is the creator of ImplementingScrum.com and has been in the industry for almost thirty years; he is an early agile pioneer and co-authored a book with Scott Ambler.