Which one of the following is NOT a benefit of suitable cost management practices?

Enhanced automation across all departments is not specifically a benefit attributed to suitable cost management practices. While cost management can lead to improvements in efficiency and control, automation itself is more of a general operational improvement that may or may not directly correlate with the principles of cost management.

The primary objectives of cost management focus on ensuring financial resources are utilized effectively, which includes increased transparency in financial processes. This transparency enables organizations to gain insights into their spending patterns and financial health, allowing for better decision-making.

Additionally, reducing the likelihood of unexpected expenses is a key benefit of effective cost management. By tracking and analyzing costs, organizations can anticipate expenses and set aside appropriate resources, thereby minimizing the impact of unforeseen financial burdens.

Improved budget adherence is also a direct outcome of proper cost management practices. By providing a clear framework for monitoring expenses and comparing them to the planned budget, organizations can ensure they remain on track and make necessary adjustments in a timely manner.

In summary, while automation can support various activities within an organization, it does not directly stem from cost management practices. Instead, effective cost management focuses on transparency, expense predictability, and adherence to budgetary constraints.