Final answer:
Functional area agreement coordinators have thorough knowledge of costs and performance metrics, aiding in financial planning and cost-effective resource management.
Step-by-step explanation:
Functional area agreement coordinators (FAACs) are professionals with intimate knowledge of cost and other financial operations within their specific areas of responsibility. FAACs not only focus on the cost aspects, but they also have a deep understanding of performance metrics, operational processes, and strategic planning for their areas. Their role is crucial in facilitating the coordination, financial planning, and cost-effective management of resources within an organization. By closely monitoring cost and performance, they ensure that their areas adhere to budgets and contribute to the overall financial objectives of the business.