cost control


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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.
References in periodicals archive ?
If cost controls are to be useful for strategic purposes--that is, to help managers increase the likelihood of achieving strategic goals and objectives their designs and use must follow a clearly-defined mission statement and set of competitive objectives.
Industrials that proactively adopt an informed planning approach manage the interplay between load requirements and pricing, and can gain greater cost control over the short and long term.
If cost control leads to a change in costs, then be mindful of the likely impact on sales volume, net margins, capital employed, and product mix.
Particularly damaging was the Clintons' failure to make the practical case for universal coverage--that it was essential for cost control.
Ask whether the client's insurance carriers use incentive reimbursement systems that reward physicians and hospitals for effective utilization and cost control.
Politically, cost control and coverage expansion happen together or not at all.
This report offers a comprehensive review and explanation of a large number of effective IT cost control and quality assurance measures.
COST CONTROL IS NOT A MATTER OF COST CUTTING BUT OF COST PREVENTION.
addresses common mistakes in project management and offers advice for time planning and cost control.
TELECOMWORLDWIRE-19 October 2006-Nokia announces introduction of Nokia Cost Control solution(C)1994-2006 M2 COMMUNICATIONS LTD http://www.
In February 2004, FAA established the Air Traffic Organization (ATO) to take over its entire Air Traffic operations and established cost control as a major focus.
The faculty consists of more full-time teachers than most other music schools, and Berklee's financial aid program is merit-based, with about 80 percent of aid allocated largely on the strength of applicant auditions and subsequent performance at the school Tuition at the college is about 20 percent below that of other private music schools--a tong-standing practice made possible by economies of scale (Berklee is about five times larger than most conservatories), a disciplined approach to cost control, and revenues from a large summer program.