Final answer:
In a cost management system, the process view includes resources, activities, and driver analysis, but does not traditionally include performance analysis. Performance analysis is used to assess the system's effectiveness after costs are managed.
Step-by-step explanation:
In a cost management system, the process view typically includes a variety of components that help in understanding and managing costs effectively. These components are:
- Resources: This refers to the economic elements used in the production of goods or services, like materials, labor, and overhead.
- Activities: These are the tasks or operations that consume resources and are performed to produce the final product or service.
- Driver analysis: This involves identifying the factors or 'drivers' that cause changes in the consumption of resources, thereby impacting costs.
However, the process view does not traditionally include performance analysis, which is more about measuring and assessing the performance of the cost management system itself, rather than being a part of the process view. Performance analysis typically occurs after costs have been managed and recorded to evaluate effectiveness, efficiency, and to inform future decisions.