Practices and policies used by businesses to determine whether actual costs are in line with budgeted costs and to correct discrepancies by limiting actual costs or adjusting budgeted costs. Cost control is necessary for a business to stay within budget, and to adapt to changing profit or cost conditions.
Related information about cost control:
- What is cost control? definition and meaning
Definition of cost control: The process or activity on controlling costs associated with an activity, process, or company. Cost control typically includes (1) ...
- Project Management for Construction: Cost Control, Monitoring and ...
For cost control on a project, the construction plan and the associated cash flow estimates can provide the baseline reference for subsequent project monitoring ...
- Welcome to Cost Control Associates
Cost Control Associates is the leader in helping organizations reduce energy, cellular (wireless), and telecom costs through its no-risk contingency fee based ...
- Cost Control Definition | Investopedia
The practice of managing and/or reducing business expenses. Cost controls starts by the businesses identifying what their costs are and evaluate whether those ...
- Cost accounting - Wikipedia, the free encyclopedia
Cost accounting information is designed for managers. Since managers are taking decisions only for their own organization, there is no need for the information ...
- Cost Control - benefits, expenses
Jun 14, 2011 ... Cost control, also known as cost management or cost containment, is a broad set of cost accounting methods and management techniques with ...
- Cost control: a directors' briefing - ICAEW
Cutting costs is the simplest way to improve your bottom line. Introducing a cost control system can bring immediate savings and make sure that you remain ...
- Project Cost Control: The Way it Works - Max's Project Management ...
Dec 21, 2005 ... system of project cost control, how it is setup and applied. ... Project cost control is not that difficult to follow in theory, it is displayed in graphical ...