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cost control

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia 0.02 sec.
cost control,
the process of monitoring and regulating the expenditure of funds by an agency or institution. Budgets, reports, and cost-accounting procedures are performed to achieve cost control.


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In organizations where such meetings are held weekly, for example, 68 percent classified cost controls as effective, versus only 18 percent in organizations where meetings were held quarterly or less often.
Discover new approaches to cost control and profitability analysis.
Cost control can provide essential management information and effective cost control can help highlight inefficient practices.
 
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