@ Amal Following is the way about to go for Strategic Cost management.
The Entire of SCMPE is divided into 2 major Segments.One is Standard Costing and other is Marginal costing.In the new Syllabus Standard Costing weighs maximum 10 to 16 marks.So if you have prepared for marginal costing well you will be through with the paper but one cannot do it.In Exams you will get questions on marginal Costing in which concepts of Standard costing will be passively involved.So how to go about.For conceptual clarity knowing fundamentals of Standard costing is must.
Firstly start with Standard Costing,Make sure you have got the concepts right,The coverage of standard Costing will give you the Picture how Costing in an organization works.Whilst doing this Chapter immediately after done ,Do with budgeting both are invariably interlinked.If you are through , the next area is marginal Costing,though there are chapters by different names its all marginal costing,If you are reasonably good enough in Capital budgeting decision aspect of ipcc then the concepts MC are on same lines with complexity growing with respect to situation based problems like Make or buy,Product mix decisions etc.
Note while doing above problems do not focus too much on computation aspect,yes its necessary but your focus should be on analytical aspects.Thats why new Syllbus in SCMPE is evolved for.
The last part here is about performance evaluation - Concepts here are in line with IPCC Ratio analysis or similar frame work is required.So there shoulnt be much problem doing it.
Lastly Pricing decisions - This has to do with Pricing of Service or Products in organization.
Hope it helps.